Fintech & Payments

Spending cooled by 1.7 billion

August 12, 2026

Point-of-sale transactions fell to SR14.6 billion in the week to 8 August from SR16.31 billion the week before, with transaction count down to 253.4 million from 267.1 million, Riyadh accounted for SR4.88 billion of it, or 33.4%. Food and beverages led at SR2.28 billion across 58.41 million transactions, ahead of restaurants and cafes at SR1.9 billion.

Argaam, Okaz

The data shows that average spending has gone down. In reality, it's still the same people going out just as often, but now they pick cheaper options when they get there.

Osamah Alfadda
|
CEO

Explore more signals

Government & Public Sector
August 24, 2026
Ten billion in Paris

Deals expected to be signed between Saudi and French entities at the Saudi–French Roundtable Investment Meeting in Paris exceed $10 billion, spanning advanced industries, transport and logistics services, artificial intelligence and digital infrastructure. The Crown Prince attended alongside French officials and business leaders.

Okaz

ُhe four named sectors are advanced industries, logistics, AI and digital infrastructure، energy is not among them, which is what a diversification agenda looks like once it reaches the deal table.

Abdulrahman Al Mottahar
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Partner
Telecom & Technology
August 16, 2026
The second SIM tells the truth

Opensignal's Saudi read puts stc at 49.0% of the market, Mobily at 23.8% and Zain KSA at 14.6%, with virtual operators collectively near 12% and 7.4 million subscribers in early 2026. Zain customers are likeliest to carry a second SIM at about 37%, against 27% at Mobily and about 17% at stc; operators have invested over $1.5 billion in 5G spectrum since 2019.

Argaam

Dual-SIM rates show pre-churn behavior, so focus your pricing and packaging on the second SIM instead of comparing only to a competitor's main plan.

Mohammed Altuwaijri
|
Managing Partner
Government & Public Sector
July 26, 2026
Surplus up, non-oil down

Trade surplus SR26.03bn (+328.8%) in May, but oil exports +19.5% to 75.6% of the total, while non-oil exports fell 26.1%.

Arab News

The test isn't whether the surplus grows, it's whether it can grow when oil doesn't.

Abdulrahman Al Mottahar
|
Partner

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