‎Expat remittances in Saudi Arabia rise to SAR 12B in November

‎Expat remittances in Saudi Arabia rise to SAR 12B in November ‎Expat remittances in Saudi Arabia rise to SAR 12B in November

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$100 banknote

Remittances by expatriates in Saudi Arabia rose by 19% year-on-year (YoY) to around SAR 12.03 billion in November, according to data released by the Saudi Central Bank (SAMA)

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Compared to October 2024, remittances fell by 10%, or about SAR 1.4 billion.

Expat Remittances (SAR bln)​

Month

2023

2024

Change

January

10.52

10.41

(1%)

February

9.77

9.33

(4%)

March

11.52

11.95

+4%

April

9.92

11.35

+14%

May

11.27

12.60

+12%

June

10.84

12.07

+11%

July

10.63

12.91

+21%

August

10.77

11.86

+10%

September

9.91

12.23

+23%

October

10.90

13.43

+23%

November

10.14

12.03

+19%

December

10.64

Remittances by Saudi nationals to other countries increased 23% YoY to SAR 6.2 billion in November.

Remittances by Saudi Nationals (SAR bln)

Month

2023

2024

Change

January

5.23

5.48

+5%

February

4.48

4.68

+4%

March

5.64

5.12

(9%)

April

3.92

4.94

+26%

May

5.84

6.18

+6%

June

5.15

5.12

(1%)

July

5.80

5.81

+0.2%

August

4.91

5.83

+19%

September

4.66

5.29

+14%

October

5.54

6.32

+14%

November

5.03

6.17

+23%

December

5.75

 

$100 banknote

Remittances by expatriates in Saudi Arabia rose by 19% year-on-year (YoY) to around SAR 12.03 billion in November, according to data released by the Saudi Central Bank (SAMA)

Compared to October 2024, remittances fell by 10%, or about SAR 1.4 billion.

Expat Remittances (SAR bln)​

Month

2023

2024

Change

January

10.52

10.41

(1%)

February

9.77

9.33

(4%)

March

11.52

11.95

+4%

April

9.92

11.35

+14%

May

11.27

12.60

+12%

June

10.84

12.07

+11%

July

10.63

12.91

+21%

August

10.77

11.86

+10%

September

9.91

12.23

+23%

October

10.90

13.43

+23%

November

10.14

12.03

+19%

December

10.64

Remittances by Saudi nationals to other countries increased 23% YoY to SAR 6.2 billion in November.

Remittances by Saudi Nationals (SAR bln)

Month

2023

2024

Change

January

5.23

5.48

+5%

February

4.48

4.68

+4%

March

5.64

5.12

(9%)

April

3.92

4.94

+26%

May

5.84

6.18

+6%

June

5.15

5.12

(1%)

July

5.80

5.81

+0.2%

August

4.91

5.83

+19%

September

4.66

5.29

+14%

October

5.54

6.32

+14%

November

5.03

6.17

+23%

December

5.75

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