Riyadh - Mubasher: Remittances of expatriates residing in Saudi Arabia retreated 7.6% in May 2017 to SAR 13.04 billion from 14.1 billion in May 2016, figures released by Saudi Arabian Monetary Authority (SAMA) showed.
Month-on-month, remittances rose 14.3% from SAR 11.4 billion in April, SAMA added.
The remittances retreated to SAR 36.1 billion in the first quarter 2017 from SAR 38.64 billion in Q4-16.
Meanwhile, Saudi nationals’ remittances amounted to SAR 7.1 billion in May 2017, compared to SAR 5.8 billion in the year-ago period.
