{"asof":"2026-09-30","attribution":"Source: Daall Index (index.daall.sa)","licence":"Free to use with attribution","generated":"2026-10-31","quarters":[{"quarter":"2022Q1","awards_sar_bn":16.45,"mof_sar_bn":46.65,"ratio":0.353,"mof_published":"2022-05-15","provisional":false,"vs_2022_2025_same_quarter":1.15},{"quarter":"2022Q2","awards_sar_bn":20.53,"mof_sar_bn":101.34,"ratio":0.203,"mof_published":"2022-08-04","provisional":false,"vs_2022_2025_same_quarter":0.99},{"quarter":"2022Q3","awards_sar_bn":21.69,"mof_sar_bn":93.93,"ratio":0.231,"mof_published":"2022-10-31","provisional":false,"vs_2022_2025_same_quarter":1.06},{"quarter":"2022Q4","awards_sar_bn":24.99,"mof_sar_bn":159.66,"ratio":0.157,"mof_published":"2023-03-09","provisional":false,"vs_2022_2025_same_quarter":0.94},{"quarter":"2023Q1","awards_sar_bn":23.62,"mof_sar_bn":80.08,"ratio":0.295,"mof_published":"2023-05-07","provisional":false,"vs_2022_2025_same_quarter":0.96},{"quarter":"2023Q2","awards_sar_bn":22.01,"mof_sar_bn":105.54,"ratio":0.209,"mof_published":"2023-08-03","provisional":false,"vs_2022_2025_same_quarter":1.01},{"quarter":"2023Q3","awards_sar_bn":31.29,"mof_sar_bn":112.92,"ratio":0.277,"mof_published":"2023-11-01","provisional":false,"vs_2022_2025_same_quarter":1.27},{"quarter":"2023Q4","awards_sar_bn":28.16,"mof_sar_bn":191.34,"ratio":0.147,"mof_published":"2024-02-14","provisional":false,"vs_2022_2025_same_quarter":0.88},{"quarter":"2024Q1","awards_sar_bn":29.05,"mof_sar_bn":95.21,"ratio":0.305,"mof_published":"2024-05-05","provisional":false,"vs_2022_2025_same_quarter":0.99},{"quarter":"2024Q2","awards_sar_bn":30.7,"mof_sar_bn":140.52,"ratio":0.219,"mof_published":"2024-07-31","provisional":false,"vs_2022_2025_same_quarter":1.06},{"quarter":"2024Q3","awards_sar_bn":26.74,"mof_sar_bn":130.84,"ratio":0.204,"mof_published":"2024-11-04","provisional":false,"vs_2022_2025_same_quarter":0.94},{"quarter":"2024Q4","awards_sar_bn":22.37,"mof_sar_bn":137.12,"ratio":0.163,"mof_published":"2025-02-13","provisional":false,"vs_2022_2025_same_quarter":0.98},{"quarter":"2025Q1","awards_sar_bn":25.59,"mof_sar_bn":92.42,"ratio":0.277,"mof_published":"2025-05-05","provisional":false,"vs_2022_2025_same_quarter":0.9},{"quarter":"2025Q2","awards_sar_bn":21.97,"mof_sar_bn":113.49,"ratio":0.194,"mof_published":"2025-07-31","provisional":false,"vs_2022_2025_same_quarter":0.94},{"quarter":"2025Q3","awards_sar_bn":21.47,"mof_sar_bn":133.89,"ratio":0.16,"mof_published":"2025-10-30","provisional":false,"vs_2022_2025_same_quarter":0.73},{"quarter":"2025Q4","awards_sar_bn":28.96,"mof_sar_bn":145.06,"ratio":0.2,"mof_published":"2026-02-23","provisional":false,"vs_2022_2025_same_quarter":1.2},{"quarter":"2026Q1","awards_sar_bn":21.94,"mof_sar_bn":141.48,"ratio":0.155,"mof_published":"2026-05-05","provisional":false,"vs_2022_2025_same_quarter":0.5},{"quarter":"2026Q2","awards_sar_bn":12.23,"mof_sar_bn":120.51,"ratio":0.101,"mof_published":"2026-07-30","provisional":false,"vs_2022_2025_same_quarter":0.49}],"norm_2022_2025":{"Q1":0.307,"Q2":0.206,"Q3":0.218,"Q4":0.167},"method":"Quarterly value of all Etimad awards by award date (VAT included, no cap) divided by Ministry of Finance spending on use of goods and services plus non-financial assets, first published vintage. Award values are commitments and MoF figures are cash outlays, so the ratio is a coverage indicator, not a share. vs_2022_2025_same_quarter compares each ratio with the mean of the same quarter in 2022-2025."}