Study: Over half of Saudis fall victim to fraud; 43% recover their money
RIYADH — More than half of Saudi citizens have experienced fraud, according to a field survey.Consumers International conducted the survey in 2025, and the survey was jointly funded by the King Khalid Foundation, the Saleh Kamel Humanitarian Foundation, and the Abdulkadir Al-Muhaidib Social Foundation. It was revealed in the survey that 43 percent of Saudis who had fallen victim to fraud, were…
A recent survey conducted in Saudi Arabia has revealed that more than half of the country's citizens have fallen victim to fraud, according to the findings of a field study conducted by Consumers International. The survey, funded jointly by the King Khalid Foundation, the Saleh Kamel Humanitarian Foundation, and the Abdulkadir Al-Muhaidib Social Foundation, reported that 43 percent of those who experienced fraud were able to recover their money, highlighting the effectiveness of grievance channels and the robustness of financial consumer protection measures.
The study also uncovered a concerning trend, with 16 percent of Saudis reporting that family members or trusted individuals were responsible for stealing or misusing their funds. Additionally, 75 percent of respondents identified fraud as one of the greatest risks faced by consumers, while 70 percent considered data misuse to be a significant challenge.
Furthermore, 57 percent of those surveyed expressed a lack of trust in financial tools due to a lack of understanding regarding associated fees and benefits, while 90 percent acknowledged that consumers lack the necessary tools to file complaints or recover their money.
Written by urgent.news from Saudi Gazette's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
