King Abdullah and Queen Rania receive Vatican Peace award
May 12, 2022, 4:24 pm

King Abdullah and Queen Rania receive Vatican Peace award

Pope Francis meets with Queen Rania and King Abdullah in the Vatican. (Reuters)

The Arabnews reported, the Vatican’s Path to Peace Foundation has presented Jordan’s King Abdullah and Queen Rania with the 2022 Path to Peace award for their promotion of interfaith harmony and dialogue.

Commending the royal couple for a “years-long effort” in promoting peace and interfaith cooperation in the Middle East, Vatican Ambassador to the UN Archbishop Gabriele Caccia made the presentation at the foundation’s 29th annual gala in New York.

The envoy singled out the queen’s focus on education and the prioritization of young people in her work.

He said: “She has long shown concern for the questions of education, connectivity, and cross-cultural dialogue, as well as sustainability, the environment, and migration, which places young people at the heart of solutions and is imbued with a sense of hope.”

HM King Abdullah II and HM Queen Rania receive the 2022 Zayed Award for Human Fraternity, in appreciation of their efforts in promoting fraternity, mutual respect and peaceful coexistenc (File photo: 2022 Nobel Peace Prize to King Abdulle Facebook page)

King Abdullah said he accepted the award on behalf of “Jordanians, men and women, young people and elders, Muslims and Christians alike.”

Jordan’s king and queen receive 2022 Zayed Award for Human Fraternity in Abu Dhabi

Noting that Jerusalem was also home to many Arab Christians, part of the oldest Christian community in the world, he noted that “our journey to peace must travel through Jerusalem,” describing the city as “key to the future and stability that we all seek.”

He added: “Jerusalem should be an anchor for peace and coexistence, not for fear and violence.

“The (world’s most difficult challenges) will be met by drawing on our faith in God, our common humanity, and our will to jointly defeat poverty and despair, and end occupation and injustice.

Jordan’s King Abdullah to meet Biden and other top US officials this week

“(Also), to help refugees everywhere return home, ready to rebuild shattered communities, and renew the hope that young people everywhere so desperately need.”

The monarch called on the international community to work toward a just and lasting peace in the Holy Land through a two-state solution with East Jerusalem as the capital of an “independent, sovereign, and viable Palestinian state … living side-by-side with Israel.”

Source: arabnews

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.