Liberation of Kherson sparks outpouring of joy and tears in Kyiv
November 12, 2022, 7:29 am

Liberation of Kherson sparks outpouring of joy and tears in Kyiv

The announcement that Ukrainian forces were entering Kherson sparked a rare flurry of joy in Kyiv Genya SAVILOV AFP

Residents of Kherson gathered in Kyiv's Maidan Square on Friday (Nov 11) to celebrate the liberation of their home city -- the first outpouring of joy in the capital in nearly nine months of war.

Russia's defence ministry said earlier on Friday it had completed the withdrawal of troops from the western bank of the Dnipro river in Ukraine's southern Kherson region.

"My city, where I was born and where I've lived my whole life, is finally free," said 17-year-old Nastia Stepenska, her eyes welling with tears.

"When (the Russians) arrived, it was horrible. We didn't know what was going to happen the next day or if we'd even still be alive," the school student said, admitting she was in a state of shock.

Under the square's victory column commemorating Ukraine's independence from the Soviet Union in 1991, Kherson's displaced residents belted out the national anthem in unison and wiped their tears.

Kherson inhabitants who left for Kyiv when Russian soldiers captured their city in March began converging on Maidan Square at 7:00 pm Genya SAVILOV AFP

Then they chanted the numbers of the first Ukrainian army brigades to enter Kherson -- the first major urban hub to fall to the Russians and the first to be taken back.

Ukrainian President Volodymyr Zelensky on Friday said special units of the armed forces were already in the southern city of Kherson following Russia's withdrawal and described the moment as historic.

In a statement issued in Russian, Ukraine's defence intelligence agency said on Friday Kherson was coming back under Ukrainian control after being occupied since March and threatened to "destroy" any Russian soldiers who resisted.

European Union not to recognise Russian passports from occupied regions of Ukraine

"Today is a historic day. We are getting the south of the country back, we are getting Kherson back," Zelensky said in an evening video address.

"As of now, our defenders are on the outskirts of the city, and we are very close to entering. But special units are already in the city," he continued.

The city could open a gateway for Ukraine's forces to the entire Kherson region, with access to both the Black Sea in the west and Sea of Azov in the east.

levantnews-agaencies

Trump to announce 2024 presidential bid Tuesday: Aide Britain summons Iran's senior diplomat over alleged threats to UK journalists

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.