Saudi Arabia’s Bena Steel Industries Co. reported a sharp decline in first-half 2025 earnings, according to a stock exchange filing.
Net profit dropped more than 80pct YoY to SAR 980,653 (USD 261,133), while revenue slipped nearly 6pct to SAR 179.97 mln (USD 47.9 mln).
The company attributed the profit slump to weaker revenue and price volatility in the steel market, which eroded 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
