Saudi point-of-sale transactions plunge in post-Ramadan month 

CAIRO & MOSCOW: The value of Saudi Arabia’s point-of-sale transactions fell in May by SR7 billion ($1.9 billion) month-on-month to SR42.4 billion, according to data from a recent monthly report issued by the Saudi central bank, also known as SAMA.

This translates to a month-on-month decline of 14.3 percent, the biggest since February 2021, when the value of transactions fell 16.7 percent.

Sales have fallen for the second consecutive month following a 3 percent decline in April and a growth of 31.2 percent in March.