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Rifaat al-Assad returns Syria after 36 years of exile to avoid arrest in France

The France24 reported, the pro-government al-Watan newspaper reported Friday, the uncle of Syrian President Bashar al-Assad has returned home from 36 years of exile to dodge arrest in France.
Rifaat al-Assad, 84, arrived in Damascus on Thursday, al-Watan said on its Facebook page, nearly a month after a Paris appeals court upheld a four-year prison sentence issued against him last year for misappropriating public funds in Syria, laundering the spoils and building a vast property portfolio in France with ill-gotten gains.
Formerly Syria's vice president, Rifaat al-Assad left his home country in 1984 after mounting a failed coup against his brother Hafez, who led Syria from 1971 to 2000.

al-Watan said: "In order to prevent his imprisonment in France .. President Assad rises above what Rifaat al-Assad has said and done and allows him to return to Syria."
Read more: Syrian diaspora helps regime unwillingly with fees to avoid military conscription
al-Watan added, Rifaat is not expected to take up any political role.
Dubbed the "Butcher of Hama" for his alleged role in putting down an uprising in central Syria in 1982, Assad has been under investigation in France since 2014.
He was tried for crimes allegedly committed between 1984 and 2016, including aggravated tax fraud and misappropriation of Syrian funds.
Laundering money
A Paris court last June dismissed charges against Assad for the period 1984 to 1996, but found him guilty of organised laundering of funds embezzled from the Syrian public purse between 1996 and 2016. He was also convicted of tax fraud.
Read more: HRW says Qatar should ensure fair trial of EX-Jordanian official for Qatar 2022
Last month, the Paris appeals court upheld the verdict against him.
He may not have to serve in prison given his advanced age, but the confiscation of his French real estate assets, worth an estimated 90 million euros ($106 million), ordered at his initial trial, will now go ahead.
His French fortune includes two townhouses in chic Parisian neighbourhoods, a stud farm, about 40 apartments, and a chateau.
Assad and his family also built up a huge portfolio of properties in Spain, valued at around 695 million euros, which were all seized by the authorities in 2017.
Source: france24
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BENEFIT AGM approves 10%...
- March 27, 2025
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.
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