‘Unidentified snipers’ kill four in Baghdad: Iraqi security forces
October 5, 2019, 9:14 am

‘Unidentified snipers’ kill four in Baghdad: Iraqi security forces

The four killed were identified as two members of the security forces and two civilians. (Photo AFP)

Iraqi security forces said “unidentified snipers” killed four people across the capital Baghdad on Friday, the fourth day of violent anti-government protests.

A statement said the four were two members of the security forces and two civilians, bringing the death toll since protests began on Tuesday to 44, including six security forces.

Security forces opened fire directly at hundreds of anti-government demonstrators Friday in central Baghdad, killing at least 10 protesters and injuring dozens, hours after Iraq’s top Shiite cleric warned both sides to end four days of violence “before it’s too late.”

The violence showed both sides to be unwilling to back down from the unrest that marks the most serious challenge for Iraq since the defeat of ISIS two years ago.

In a televised address to the country early Friday, Prime Minister Adel Abdul-Mahdi said the protesters’ “legitimate demands” had been heard, adding that the security measures used against the demonstrations were like “bitter medicine” that needs to be swallowed. Authorities have shut off the internet and imposed an around-the-clock curfew in the capital in a desperate attempt to curb the rallies.

The protesters, many of whom had camped on the streets overnight, gathered before noon near Tahrir Square in defiance of Abdul-Mahdi’s call and the curfew announced a day earlier. Around sunset, following Friday prayers, the number of protesters grew to more than 1,000 as security forces opened fire in side streets to prevent more people from reaching the square.

Since the spontaneous rallies began Tuesday, security forces have fired live rounds and tear gas every day to disperse them in multiple provinces. The mostly young demonstrators are demanding jobs, improved services like electricity and water, and an end to corruption in the oil-rich country.

Iraq’s most senior Shiite spiritual leader Grand Ayatollah Ali al-Sistani urged both sides to end the violence, and he blamed politicians, particularly lawmakers, for failing to enact promised reforms on the economy and corruption. The comments were his first since the protests began, and many across Iraq’s predominantly Shiite south had looked to the influential cleric for guidance.

The mostly leaderless protests have been concentrated in Baghdad and the south, bringing out jobless youths and university graduates who are suffering under an economy reeling from graft and mismanagement.

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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.