Queen gathers royals for crisis meeting with Prince Harry
January 13, 2020, 9:24 am

Queen gathers royals for crisis meeting with Prince Harry

Prince Harry and Meghan (pictured in 2017) say they want to step back from the royal frontline and have more freedom File photo AFP

Queen Elizabeth II and other senior British royals were gathering for a meeting Monday with Prince Harry in an attempt to solve the crisis triggered by his bombshell announcement that he and wife Meghan were stepping back from the royal frontline.

Harry's father Prince Charles and brother Prince William, with whom he has strained relations, will join the monarch at her private Sandringham estate in eastern England, according to British media.

Charles just flew back from Oman, where he attended a condolence ceremony following the death of Sultan Qaboos.

Meghan is expected to join the meeting via conference call from Canada as they attempt to work out the "next steps" towards a compromise and nip the growing crisis in the bud.

Issues up for debate include how much money the couple will still receive from Charles's estate, their royal titles and what commercial deals they can strike, according to the Sunday Times.

The newspaper reported that William believes he and Harry are now "separate entities", breaking the bonds forged following their mother's tragic death.

"I've put my arm around my brother all our lives and I can't do that anymore; we're separate entities," the Times reported he told a friend.

The queen attended church at Sandringham on Sunday where supporters expressed sympathy for her, with some members of the public saying Harry and Meghan should not receive any more taxpayer money if they step back from the royal family.

The 93-year-old monarch on Thursday demanded that staff work with the couple to find urgently a "workable solution" that would take into account their demands for more freedom.

Harry, Meghan, and son Archie spent Christmas in Canada, with the American former actress returning there this week.

Several Canadian media reported Meghan had returned to Vancouver Island off the country's Pacific coast, where the family spent the year-end holidays and where baby Archie had remained with his nanny.

Senior royals were caught off guard by Wednesday's announcement that the Duke and Duchess of Sussex wanted to seek a "progressive new role" and divide their time between Britain and North America.

The queen's office issued a terse statement the same evening, saying there were "complicated issues that will take time to work through".

Harry and Meghan said they intended to continue to "fully support" the queen and "collaborate" with senior royals.

They also want to keep their home on the queen's Windsor Castle estate as their British base, while aiming to become financially independent.

Media reports said Harry and Meghan could conduct a potentially damaging television interview if they are unhappy with the outcome of Sunday's meeting.

Writing for The Sunday Times, broadcaster Tom Bradby, a friend of Harry and William, said: "I have some idea of what might be aired in a full, no-holds-barred, sit-down interview and I don't think it would be pretty."

The younger prince, who has struggled with his role, last year revealed he has been growing apart from his brother, who as second in line to the throne is increasingly pursuing a different path.

Harry has been open about his mental health issues, and he and Meghan last year admitted to struggling with the spotlight following their wedding at Windsor Castle in May 2018 and Archie's birth a year later.

The couple has also lashed out at negative news coverage -- some of which Harry says was racist -- in light of Meghan's biracial heritage.

The British public currently appears to be siding with the family, with a Daily Mail poll showing that a majority believe Harry should give up his right to the throne and be stripped of cash support from the royals or taxpayers.

source: AFP

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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.