RIYADH: Saudi Arabia’s consumer spending rose 6.8 percent year on year to SR425 billion ($113.3 billion) in the first quarter of 2026, supported by resilient demand, stable inflation and continued non-oil economic growth, Knight Frank said. The consultancy firm’s Saudi Arabia Retail Market Overview – Summer 2026 said the increase covered point-of-sale transactions, cash withdrawals and e-commerce purchases, building on the record SR1.57 trillion spent through official payment channels in 2025, according to a statement.

Point-of-sale (POS) spending in Saudi Arabia surged by about 33 percent week on week to SR16.31 billion during the period from July 26 to Aug. 1, with 267.11 million transactions…

RIYADH: Saudi Arabia’s consumer spending rose 6.8 percent year on year to SR425 billion ($113.3 billion) in the first quarter of 2026, supported by resilient demand, stable…