Saudi Arabia's Bena Steel Industries Drops Plan to Build Factory in Riyadh

09:34 AM EST, 12/31/2025 (MT Newswires) -- Bena Steel Industries (SASE:9563) said Wednesday it will no longer move forward with its plan to build a factory in Riyadh, Saudi Arabia. The Saudi Arabian steel products manufacturer's board made the decision after carrying out a review of considerations and internal assessments. The company will instead focus on directing its resources to potential investments that would boost shareholder value.