Saudi`s E-commerce sales through its Mada card achieved record monthly figures in October totalling SAR 30.7 billion (USD 8.18 billion). According to data from the Saudi Central Bank (SAMA) this represents year-on-year growth of 68% and an increase of approximately SAR 12.4 billion (USD 3.3 billion). On monthly basis, October sales grew 6% – an increase of SAR 1.6 billion (USD 420 million), compared to September.
Saudi E-Commerce Recorded 15% Quarterly Growth During Q3
The SAMA bulletin also reveals E-commerce sales reached SAR 88.3 billion (USD 23.54 billion) during the third quarter this year. As a result, it achieved quarterly growth of 15.2%, an increase of SAR 11.6 billion (USD 3.09 billion) compared to Q2. In addition, when comparing performance from January to October 2025, Mada data showed a 47.3% growth in e-commerce sales. As a result, this led to an increase of SAR 9.9 billion (USD 2.63 billion), compared to the SAR 20.9 billion (USD 5.57 billion) recorded in January. Importantly, these figures include payments and purchases made using Mada cards through online shopping websites, applications and digital wallets. They do not include transactions made using credit cards.
Mada is Saudi Arabia`s innovative card payment scheme and is intended to boost e-commerce, point of sales, and ATM growth. Issued by local banks, cards are widely accepted and can be used for making online payments, purchasing and withdrawing cash.
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