Element List	Explanation
Introduction	Bena Steel Industries Co. announces the decision of its Board of Directors dated 10/07/1447 AH corresponding to 30/12/2025 AD, not to proceed with the establishment of a factory for the company in the city of Riyadh. This decision comes after reviewing a number of considerations and internal assessments, and in line with the company’s direction towards directing its resources to investment options that achieve the best possible return for its shareholders, including investing in the land owned by the company in the city of Riyadh in a way that enhances its value and serves the company’s future goals.
Previous Announcement	Bena Steel Industries Company Announces establishing a steel Industries factory in Riyadh Region
Date of Previous Announcement on Saudi Exchange’s Website	2024-08-20 Corresponding to 1446-02-16
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Bena Steel Industries Co. announces the decision of its Board of Directors dated 10/07/1447 AH corresponding to 30/12/2025 AD, not to proceed with the establishment of a factory for the company in the city of Riyadh. This decision comes after reviewing a number of considerations and internal assessments, and in line with the company’s direction towards directing its resources to investment options that achieve the best possible return for its shareholders, including investing in the land owned by the company in the city of Riyadh in a way that enhances its value and serves the company’s future goals.
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A