Expatriates' remittances from Saudi Arabia to their respective countries rose by 7 percent in the first five months of the current year to reach SR68.4 billion compared to SR64.2 billion in the same period last year, according to a financial report. Month-on-month basis, the remittances of the expatriates grew by a margin of 0.7 percent to SR13.6 billion in May (2015) compared to SR13.5 billion in April of the same year, the report published by the local media said. Year-on-year basis, the remittances of the foreign workers grew by 9 percent in May 2015 compared to the same period last year (May 2014), which stood at SR12.5 billion, the report said.
07-01-2015, 06:24 AM
Expat remittances jump 7 percent to SR68bn in 5 months
Expatriates' remittances from Saudi Arabia to their respective countries rose by 7 percent in the first five months of the current year to reach SR68.4 billion compared to SR64.2 billion in the same period last year, according to a financial report. Month-on-month basis, the remittances of the expatriates grew by a margin of 0.7 percent to SR13.6 billion in May (2015) compared to SR13.5 billion in April of the same year, the report published by the local media said. Year-on-year basis, the remittances of the foreign workers grew by 9 percent in May 2015 compared to the same period last year (May 2014), which stood at SR12.5 billion, the report said.
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