To ease US pressure. Iran resorts to "evil agents"
June 27, 2019, 5:26 pm

To ease US pressure. Iran resorts to evil agents

At a time while the world is waiting for the consequences of the tension between Iran and the United States, observers are expected Iran to resort to its usual method of excluding the danger from its territory.

The next stage is uncertain, at a time when the tension and threat between the two countries escalate, but current data confirm that Iran does not intend to fight with the USA and even is not able to.

In the midst of this, observers perceive that Tehran will start to move its arms, described as evil agents in the regions such as Yemen, Syria, and Iraq, in order to form fronts away from its territory and ease the pressure.

The level of tension between Iran and the United States escalated after a US drone was shot down by Iranian forces claiming that it encroached over its territorial waters, while the US said the aircraft was over international territory.

After that, the US administration became close to the response, as President Donald Trump ordered a military strike against Iranian targets, but stopped it at the last minute.

Who are evil agents?

The Houthi militia is considered the agent of Iran in Yemen, and it is not surprising that its fighters escalate their attacks at this particular stage.

Militias have stepped up attacks on Saudi civilian facilities and oil sites to ease pressure on the leader in Tehran.

It is not accidentally that Iran's militias in Iraq, specifically now, have escalated their targeting against US interests.

The missiles targeted US military bases troops, in the west and north of the country, in Abu Ghraib, Al Taji and the perimeter of the US embassy in Baghdad, Iran's fingerprints were clear in those attacks.

Media reports stated that the meeting of the commander of the Quds Force of the Revolutionary Guards Corps, Qasem Soleimani, with the leaders of the Popular Army militias that follow the orders of Iran, was not just a call to declare the weapon, but it was an explicit call to prepare for a proxy war.

In the same context, Lebanese Hezbollah militia leader Hassan Nasrallah said that his fighters are ready and their hands are on the trigger.

Hezbollah militias claim that its mastermind, Iran, has extraordinary capabilities, scaring the antagonist to the extent that they won't dare to wage war.

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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.