Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s non-oil exports hit a two-year high in May, reaching SAR28.89 billion ($7.70 billion), an 8.2 percent increase MoM. This also represents a 26.93 percent growth from April.
- Saudi Arabia’s point-of-sale (POS) spending reached SAR10.9 billion ($2.9 billion) in the week ending July 20, with the education sector recording the steepest rise. According to SAMA, the education sector rose 10.4 percent increase over the week, with the total value of transactions hitting SAR94.1 million ($25.1 million).
- According to the National Debt Management Center, Saudi Arabia completed its July riyal-denominated sukuk issuance at SAR3.21 billion ($855.7 million), maintaining levels above SAR3 billion ($800 million) for the fifth consecutive month.
