Via Pedro Gonçalves in internationalinvestment.net : According to the figures from the Saudi Arabia Monetary Authority (SAMA), remittances by expats in the kingdom went down by 1.3% YoY to SAR32.5bn ($8.67bn) during the fourth quarter of 2019. Remittances fell by 8% YoY. The amount of money being sent by Saudis abroad back to Riyadh has also experienced a drop: those remittances shrank 3.6% YoY to SAR58.09bn ($15.49bn) in 2019.
