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Saudi POS sales slide 7% in week

Saudi POS sales slide 7% in week
Riyadh came in first place in terms of spending

Riyadh - Mubasher: Sales transactions through points of sale (POS) across Saudi Arabia slipped by 7.1% during the period from 7 to 13 June 2020, registering SAR 7.3 billion when compared to SAR 7.85 billion a week earlier.

The number of transactions through POS dipped by 4.1% weekly to reach 48.210 in the aforementioned week when compared to 50,280, according to official data by the Saudi Arabian Monetary Authority (SAMA).

Food and beverages dominated SAR 1.2 billion on POS purchases through 15,250 transactions.

Across the kingdom, Riyadh came in first place in terms of spending with SAR 2.17 billion via 13,680 transactions, followed by Jeddah with SAR 983.67 million via 5,710 transactions.

Since the beginning of the year until 13 June, POS sales amounted to SAR 132.7 billion, up by 7% annually, while the number of transactions surged by 47% to total 916,100.