Expat remittances from Saudi Arabia fall 5.86%

Pedro Gonçalves
Expat remittances from Saudi Arabia fall 5.86%

Remittances in Saudi Arabia for July fell by 5.86% to SR11.46bn ($3bn), compared to SR12.17bn ($3.2bn) in July 2018, according to the latest monthly report from the Saudi Arabian Monetary Authority (SAMA). In the first quarter of 2019, remittances from Saudi Arabia fell by 3% to $8.5bn, compared to $8.77bn in the first quarter of 2018. On a monthly basis, foreigners' remittances jumped 31.5% in July from $2.72 in June. The remittances of foreigners in Saudi Arabia amounted to about $3...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?