The patient friends committee at Riyadh Chamber of Commerce and Industry (RCCI) and Jarir Investments Company have jointly signed a deal whereby the latter will extend SR 600,000 to the committee on an annual basis.
According to the deal, SR 50,000 will be paid monthly in cash broken down as follows: SR 25,000 as financial aid and SR 25,000 in the form of medical devices. The agreement was signed by Abdullah bin Abdurrahman Al-Aqeel, Jarir investments board member, and Committee General Secretary Fahd bin Ahmed Al-Salih.
Al-Aqeel said the company always seeks to serve community members, especially the sick, poor, and needy, and implant and disseminate the principles of social responsibility among all public and private institutions.
The company has been encouraging charitable work and spreading the concept of volunteering to contribute to the upgrading of the level of the individuals and community as well, he said.
Al-Salih expressed appreciation to Jarir Company for its role in spreading the culture of social responsibility which, he said, represents a model for other companies and businessmen to follow.
Jarir Investments extends SR 600,000 to patient friends committee
Jarir Investments extends SR 600,000 to patient friends committee
Saudi POS spending jumps 28% in final week of Jan: SAMA
RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors.
POS transactions reached SR16 billion ($4.27 billion) in the week ending Jan. 31, up 27.8 percent week on week, according to the Saudi Central Bank. Transaction volumes rose 16.5 percent to 248.8 million, reflecting stronger retail and service activity.
Spending on jewelry saw the biggest uptick at 55.5 percent to SR613.69 million, followed by laundry services which saw a 44.4 percent increase to SR62.83 million.
Expenditure on personal care rose 29.1 percent, while outlays on books and stationery increased 5.1 percent. Hotel spending climbed 7.4 percent to SR377.1 million.
Further gains were recorded across other categories. Spending in pharmacies and medical supplies rose 33.4 percent to SR259.19 million, while medical services increased 13.7 percent to SR515.44 million.
Food and beverage spending surged 38.6 percent to SR2.6 billion, accounting for the largest share of total POS value. Restaurants and cafes followed with a 20.4 percent increase to SR1.81 billion. Apparel and clothing spending rose 35.4 percent to SR1.33 billion, representing the third-largest share during the week.
The Kingdom’s key urban centers mirrored the national surge. Riyadh, which accounted for the largest share of total POS spending, saw a 22 percent rise to SR5.44 billion from SR4.46 billion the previous week. The number of transactions in the capital reached 78.6 million, up 13.8 percent week on week.
In Jeddah, transaction values increased 23.7 percent to SR2.16 billion, while Dammam reported a 22.2 percent rise to SR783.06 million.
POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia.
The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives.
The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.
