Saudi Arabia’s Bena Steel Industries Company reported a sharp increase in net profit attributable to shareholders in the first half of 2026, supported by higher revenues from its steel fabrication and steel coils segments.
Net profit rose to SAR 8.55 mln (USD 2.3 mln) in H1 2026, sharply up from SAR 0.98 mln (USD 0.3 mln) a year earlier.
Revenue increased 24pct YoY to SAR 223.6 mln (USD 59.6 mln) from SAR 180 mln in H1 2025. The company attributed the growth primarily to higher revenue from its steel fabrication segment, followed by increased revenue from steel coils.
The stronger revenue performance also improved profit margins on finished products, contributing to the significant increase in net profit, according to the company.
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