Saudi Arabia’s Bena Steel Industries Co. reported a sharp decline in profit for 2025, according to a stock exchange filing.
Net profit fell by more than 94pct YoY to SAR 611,264 (USD 163,004), while revenue declined 6.94pct to SAR 400.8 mln (USD 106.8 mln).
The company attributed the drop in earnings primarily to weaker performance in its steel fabrication segment, followed by the steel coils segment. Profitability was further affected by fluctuations in steel selling prices and delays in the start of certain fabrication projects, which weighed on margins.
Headquartered in Dammam, Bena Steel Industries commenced operations in 1993 as a coil service center. Since then, it has transformed into Saudi Arabia’s major hub for cut-to-length flat products and the slitting of steel products. The company has diversified its operations to include steel fabrication, metal forming, and tube manufacturing.
1 USD / 3.75 SAR
