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Monday, 17 May 2021 04:08 GMT

Spending in Saudi Arabia falls ahead of Ramadan


( MENAFN )Spending in Saudi Arabia dropped ahead of Ramadan as shoppers remained to bag bargains in the holy month.

Supermarkets traditionally compress discounts in Ramadan with some of the best price cuts to be had on basic items.

Carrefour decreased the price of a 10 kilo bag of rice by SR25. City Flower Department Stores were offering a SR50 free purchase for every SR250 spent on garments and footwear. Lulu discounted the price of an iPhone 12 Pro Max to SR5199 from 5699.

Central bank data revealed calm in consumer spending last week across the Kingdom.


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