Saudi Arabia's insurance market reached SR84 billion in 2025, up from SR42 billion in 2021, effectively doubling in four years. Health and motor insurance accounted for 89% of premium growth, with health insurance alone contributing to 68% of that increase. Growth is decelerating sharply: 26.9% in 2022, 22.7% in 2023, 16.3% in 2024, 10.7% in 2025.
The market doubled in four years while its growth rate halved twice, from 26.9% to 10.7%, as the sector moves from expansion into maturity, where the next phase competes on retention rather than acquisition.
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Mobily eyes selling its towers
Preliminary TAWAL talks, NDA only, no MoU, no financial impact yet.
An NDA is a disclosure obligation, not a deal. Note who ends up owning national infrastructure as these consolidate.
SR425 billion in one quarter
Saudi consumer spending rose 6.8% year on year to SR425 billion in Q1 2026, covering point-of-sale transactions, cash withdrawals and e-commerce purchases. Total 2025 spending through official payment channels was SR1.57 trillion. For context in the same report: Q1 GDP grew 3%, non-oil activity 2.9%, inflation ran at 1.8%, and the IMF forecasts 1.7% growth for 2026 and 5.5% for 2027.
SR425 billion in a single quarter, growing nearly 5% faster than prices. The Saudi consumer is contributing more to this economy than the GDP indicates.
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%.
The test isn't whether the surplus grows, it's whether it can grow when oil doesn't.
