RIYADH: Saudi Arabia’s point-of-sale spending in the education sector saw a weekly rise of 666 percent to reach SR193.26 million ($51.53 million) by June 21, according to official data.
The latest figures from the Saudi Central Bank, known as SAMA, also showed the number of POS transactions in the sector nearly doubled, climbing by 98.1 percent, indicating a significant rebound in consumer activity in this segment.
This sharp increase in educational spending came despite a 1.5 percent decline in the total value of POS transactions across the Kingdom, which dropped from SR11.1 billion to SR10.9 billion over the same period.
The weekly data further showed that transaction values rose in several other sectors, although none matched the scale of growth seen in the education division.
Spending on transportation increased by 28.7 percent, while construction and building materials saw a 25.6 percent uptick in value.
