Market Report, "Charge Cards in Saudi Arabia", Published
The fast growth of credit cards in 2011as a result of more Sharia-compliant cards, as well as the demise of fears related to the international financial crisis, contributed to the stabilisation of personal charge card activity, as measured by transaction value and volume, after the unusual growth in 2010. Over the last three years of the review period, personal charge cards witnessed high fluctuations in performance. 2010 was an exclusive year, when transactions value and volume grew by 37%
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