Italian project that has hosted 113 refugees is to expand nationwide
December 18, 2021, 5:21 pm

Italian project that has hosted 113 refugees is to expand nationwide

Italy Florence/Pixabay

The Arab News reported that a project which has placed 113 refugees, mostly from Syria and the Horn of Africa, with Italian families in five cities since 2019 is to expand nationwide.

The NGO Refugees Welcome Italia said the project, called “From Experiences to Model: Family Stays as a Path of Integration,” would expand thanks to a future collaboration with ANCI, the Italian national association of municipalities,.

The project was launched in 2019 in Rome, Palermo, Bari, Ravenna and Macerata. Rome’s Tor Vergata University offered its expertise and even allowed some refugees to work there as part of the program.

Even though the family-stay model is not entirely new in Italy, the version proposed by RWI has innovative elements.

The project’s organisers explain it is built on the involvement of trained, active citizens, and structured in groups of local activists who act as a “community garrison.”

The organizers say that dialogue with local administrations has led to the creation of a “Register of Family Stays” sponsored by the municipalities of Ravenna and Bari, and also officially approved by the municipality of Rome.

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The register represents “the most advanced tool in terms of policy to obtain the structured involvement of active citizens in family reception, as well as other forms of community help and support: A tool that helps to overcome fragmentation in civil society (foster care, voluntary guardians, supporting families) and creates an unequivocal administrative procedure and a shared work model,” RWI said in a press conference attended by Arab News.

In three years, 90 percent of the refugees involved have gained full financial independence. There are 754 families registered in the project’s areas ready to host refugees.

Tor Vergata University developed tools for assessing the project’s social impact. The results of the survey showed that for every euro invested in the host family project, €3.01 were generated.

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Fabiana Musicco, director of RWI, said: “We hope that in the future the family stay experience will remain not only a good practice tested locally, but can become a policy and a governance tool at the national leve."

“This way we will be able to allow more refugees who come to Italy to find a better future, more chances to build a new life here.”

Source: arabnews

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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.