Saudi Arabia’s point-of-sale transactions drop to $2.85bn last week  

RIYADH: Saudi Arabia’s point-of-sale transactions fell by SR1.6 billion ($0.43 billion) to reach SR10.7 billion in the week ending on Dec. 17, pulled down by education spending, according to data from the Saudi Central Bank, or SAMA.  

The SAMA data showed that around 155.4 million transactions were processed during that week — 2.3 million transactions more than the week prior.   

The POS transactions indicate the amount that consumers spend using ATMs and credit cards in retail stores, shopping malls, pharmacies and more.