Message from the Syrian city of Suwayda to the Security Council and the European Parliament
August 31, 2023, 12:28 pm

Message from the Syrian city of Suwayda to the Security Council and the European Parliament

Over twelve years ago, Syrians across the country rose up to demand dignity, freedom, their rights, and the establishment of a civil democratic state that upholds human rights. In response, the Syrian regime met these legitimate demands with brutal force, arresting hundreds of thousands, and subjecting tens of thousands to torture, many of whom perished under torture. The regime displaced half of the Syrian population and destroyed more than 25% of the country's infrastructure.

Thousands of extremists infiltrated Syria with intentions to sow sectarian divisions and misrepresent the true essence of the Syrian revolution as terrorism. Throughout this period, the Syrian regime and various armed factions perpetrated extensive war crimes and crimes against humanity.

In 2012, the Geneva Final communiqué of the Action Group for Syria was released, which was succeeded by Resolution 2254 of the Security Council in 2015. This laid a roadmap for a solution in Syria that would fulfill the aspirations of its citizens. Yet, the Syrian regime's intransigence, bolstered by allies in Iran and Russia, coupled with the diminished role of the international community—particularly Europe—allowed the Syrian massacre to persist and obstructed the implementation of these international resolutions.

The grave humanitarian situation, political stalemate, the Syrian regime's continued threats to civil and regional peace, its involvement in the production and trafficking of Captagon, its continual practices of arrests, forced disappearances, usage of mass graves, bombardment of cities with barrel bombs, chemical weapons, and the forced displacement of Syrians, are all testament to its rogue nature. This regime flagrantly violates the International Bill of Human Rights and multiple UN resolutions, posing a threat to global peace with its long list of crimes against humanity.

Given these circumstances, Syrians have reiterated their call for their legitimate rights through peaceful demonstrations across Syria. They stress that Syria remains unified in its land, people, and in its citizens' desire for a dignified life within a state that safeguards their rights.

We urge the international community to:
* Convene an emergency session of the Security Council to enforce Resolution 2254 under Article VII. Should Russia or China exercise their veto powers to block this resolution, we call for the matter to be taken to the United Nations General Assembly for the resolution's issuance.
* Given the repeated use of vetoes by Russia and China, which have prevented the referral of the Syrian case to the International Criminal Court, we also urge the United Nations General Assembly to pass a resolution establishing a special tribunal for Syria, ensuring accountability for all war criminals and those guilty of crimes against humanity.

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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.