Saudi Arabia

Saudi Arabia: Expat remittance jumps 5.9% to SR12.5 billion in May 2021

Personal remittances of expats in Saudi Arabia jumped 5.93% or SR701 million, reaching about SR12.53 billion in May 2021, compared to SR11.83 billion in May 2020, according to the Saudi Central Bank.

On a monthly basis, remittances of expats fell by 6% or SR748 million in May against SR13.28 billion in April 2021. Total remittances of expats in the first five months of this year amounted to 14%, reaching about SR63.22 billion, compared to SR55.48 billion last year.

The value of remittances during the last year was the highest since 2016, the equivalent of about the past four years.


Saudi Gazette

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