Saudi Gazette report

MAKKAH — E-commerce sales in Saudi Arabia via Mada cards reached their highest levels ever, totaling more than SR69.3 billion during the first quarter of 2025.

This figure records an annual growth of 56 percent, and an increase of approximately SR24.9 billion compared to the same period in 2024, during which sales reached SR44.4 billion, according to the statistical bulletin issued by the Saudi Central Bank (SAMA) for May 2025.

The report indicated that the number of transactions executed via Mada cards exceeded 370 million transactions during the first quarter, while sales achieved a quarterly growth of 26 percent, an increase of approximately SR14.1 billion, compared to SR55.2 billion in the fourth quarter of 2024.

Measuring monthly performance, e-commerce sales via Mada during May 2025 amounted to approximately SR27.4 billion, registering an 18 percent growth compared to April of the same year, when sales reached SR23.3 billion, with the number of transactions exceeding SR147 million.

The data showed a cumulative growth of 31.3 percent during the period from January to May 2025, an increase of approximately SR6.5 billion, compared to sales of SR20.9 billion in January.

It should be noted that these figures include payments and purchases made using Mada cards through e-commerce websites, applications, and digital wallets. They do not include transactions made using other credit cards, as Mada is the national payment network in the Kingdom and one of the payment systems owned by the Saudi Central Bank.