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FINANCIAL NEWS
Saudi’s Tech Consumer Goods registers drop of 10.5 percent
26 Mar 2016
(MENAFN) Saudi’s Technical Consumer Goods (TGG) market recorded a double-digit decline of 10.5 percent in Q4, with a turnover of USD 2.73bn.
Furthermore, the remainder of the sectors registered a decline; the photography (down by 50 percent) and Information tech by 24.7 percent.
In addition, the Small Domestic Appliances (SDA) sector logged income of USD 155.91mn with growth of 10.7 percent, compared to Q4 in 2014.
However, sales fell down again in the Consumer Elect Sector, reaching USD 0.30bn in Q4 of 2015, a 7.7 percent decrease compared to 2014.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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