‎Expat remittances decline to SAR 14.1B in May

‎Expat remittances decline to SAR 14.1B in May ‎Expat remittances decline to SAR 14.1B in May

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Remittances by expatriates in Saudi Arabia declined 7% year-on-year (YoY) to SAR 14.15 billion in May 2026, recent data from the Saudi Central Bank (SAMA) showed.

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Compared to April 2026, remittances were down nearly 3%, or about SAR 505 million.

Expat Remittances (SAR bln)​

Month

2025

2026

Change

January

13.74

13.32

(3%)

February

12.78

12.55

(2%)

March

15.49

16.92

+9%

April

12.61

14.65

+16%

May

15.20

14.15

(7%)

June

13.83

July

14.91

August

13.29

September

13.35

October

13.67

November

12.63

December

14.01

Remittances by Saudi nationals to other countries also fell 14% YoY to SAR 4.73 billion in May; their lowest level in more than two years.

Remittances by Saudi Nationals (SAR bln)

Month

2025

2026

Change

January

6.10

5.17

(15%)

February

6.24

4.86

(22%)

March

6.48

5.17

(20%)

April

5.45

5.50

+1%

May

5.49

4.73

(14%)

June

6.27

July

6.61

August

4.87

September

5.36

October

6.60

November

4.81

December

6.13

 

$100 banknote

Remittances by expatriates in Saudi Arabia declined 7% year-on-year (YoY) to SAR 14.15 billion in May 2026, recent data from the Saudi Central Bank (SAMA) showed.

Compared to April 2026, remittances were down nearly 3%, or about SAR 505 million.

Expat Remittances (SAR bln)​

Month

2025

2026

Change

January

13.74

13.32

(3%)

February

12.78

12.55

(2%)

March

15.49

16.92

+9%

April

12.61

14.65

+16%

May

15.20

14.15

(7%)

June

13.83

July

14.91

August

13.29

September

13.35

October

13.67

November

12.63

December

14.01

Remittances by Saudi nationals to other countries also fell 14% YoY to SAR 4.73 billion in May; their lowest level in more than two years.

Remittances by Saudi Nationals (SAR bln)

Month

2025

2026

Change

January

6.10

5.17

(15%)

February

6.24

4.86

(22%)

March

6.48

5.17

(20%)

April

5.45

5.50

+1%

May

5.49

4.73

(14%)

June

6.27

July

6.61

August

4.87

September

5.36

October

6.60

November

4.81

December

6.13

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