The index measures the extent of the contribution of small and medium enterprises to the growth of the private sector, and reflects the development of these enterprises.
The results showed that the income of small enterprises that employ (6 to 49) working in the private sector increased by 0.9% compared to the third quarter of 2017.
As for the medium enterprises that employ (50 to 249) working in the private sector, their revenues in the third quarter of 2018 reached 113.65 billion riyals, an increase of 2.8% compared to In the same period in 2017.
The results of the index also showed that the number of workers in small establishments that employ (6 to 49) employed in the private sector increased to 1.63 million in the third quarter of 2018, at a rate of 1.8% compared to the same period in 2017.
Regarding the numbers of workers in medium enterprises that employ (from 50 to 249) working in the private sector, the number of workers increased to 917.85 thousand workers in the third quarter of 2018, By 2.5% compared to the third quarter of 2017.
The results of the index of the contribution of small and medium enterprises in the private sector for the third quarter of 2018, indicated a decrease in the number of workers in the micro-enterprises that employ (less than 5 workers) in the sector Private sector to 2.02 million employees, about 2.4% compared to the same period in 2017.
On the other hand, the results of the index revealed a decrease in the revenues of micro-enterprises that employ (less than 5 employees) in the private sector in the third quarter of 2018, by 3% compared to In the third quarter of 2017, it amounted to 171.26 billion riyals.
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Analysis: Savola quickly returns to losses with non-recurring factors
