Riyadh – Mubasher: Bena Steel Industries Company has invited its shareholders to attend the Ordinary General Assembly meeting (OGM) scheduled for 19 October 2026, according to a bourse filing.
Shareholders will vote on the election of board members for a new four-year term beginning on 22 October 2026 and ending on 21 October 2030.
The agenda includes the approval of several business contracts and transactions conducted during the fiscal year ended on 31 December 2025 with Al Bawardi Building Materials and Al Bawardi Tools & Hardware.
Significant transactions for approval include sales to Al Bawardi Building Materials totaling SAR 111.81 million and purchases from the same entity amounting to SAR 109.40 million.
Other items involve paid expenses of SAR 8.49 million and collections from a related party reaching SAR 10.84 million.
The meeting requires a legal quorum of shareholders representing at least 25% of the voting capital.
Electronic voting through the Tadawulaty platform is scheduled to commence at 01:00 on 16 October 2026 and will remain open until the conclusion of the assembly.
