Hezbollah: Israeli Threats in the Syrian War
November 23, 2024, 11:57 am

Hezbollah: Israeli Threats in the Syrian War

حزب الله \ تعبيرية \ متداول

Hezbollah did not anticipate that its involvement in the Syrian war would become the final nail in the coffin for the resistance, despite its significant efforts to protect Bashar Assad's regime. The unfolding events have proven that this battleground has become a critical source of vital intelligence for the Israeli army regarding Hezbollah's movements and its leaders, both military and political.

Hezbollah's leadership has come to a firm conclusion that the greatest threat emanates from Syria. The Syrian regime has taken no measures to protect the resistance, which has left them exposed to serious security risks. These conclusions are based on information gathered by the party from the ground, in addition to reports it has produced regarding the situation in Syria.

According to exclusive information obtained by "Voice of Beirut International," party leaders sent a clear message to their leadership in Lebanon, indicating that Syria is the primary source of vulnerability, not Iran. The Assad regime has been identified as one of the countries that has disclosed Hezbollah's movements, and this information reached Israel after the intensity of fighting in Syria decreased and as disputes escalated between Hezbollah members and influential figures within the Syrian regime.

The information indicates that all party leaders targeted were actively participating in the Syrian conflict and were in direct contact with the Syrian leadership, sharing sensitive security intelligence, viewing the Syrian regime as their main ally and protector. Unfortunately, this cooperation has turned into a dagger aimed at Hezbollah's existence.

Israel has gathered detailed intelligence on all strategic centers of the party in the southern suburbs and other areas, including information about its field leaders such as Fouad Shukr and Ibrahim Aqil. The Israeli military has comprehensive surveillance of their movements in Syria, waiting for the right moment to strike.

Moreover, the situation escalated, with most of the party leaders who remained in Syria and were involved in frontline battles being targeted, facing Israeli airstrikes that directly hit their homes. Some of these leaders, having traveled from Lebanon to Syria, were attacked upon arrival, further confirming that Syria is indeed a significant source of vulnerability for Hezbollah.

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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.