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Syrians... From Revolution to State

The aim of building a new Syria, the noble goal for which the Syrian people's revolution began in March 2011, comes as a necessary outcome and a next step towards overthrowing the regime that has killed the state in all its components for more than sixty years.
The moment of the fall of the criminal Assad family regime is closely connected to the moment of starting to build the Syrian state, only separated by the joyful victory and freedom celebrations of the Syrian people that began on the morning of December 8, 2024, and continue to fill the squares.
To answer the question of state, one must first address the question of identity, leading to the pivotal question: What does the Syrian people want?
At first glance, this question seems simple, and the answer appears easily attainable. However, reality has begun to reveal different aspects as a result of the resounding collapse of the regime amid the intensified power struggle in the Middle East, and under subjective circumstances characterized by the political desertification imposed by the founding father’s gang of repression and exclusion, and the son who has entrenched it, along with the fragmentation that has afflicted Syrians. This fragmentation is a direct consequence of the crimes committed by the fallen regime, including murder, arrest, disappearance, and displacement, accompanied by forced displacement and exile.
All of this has established criteria and concepts that are far removed from building a unified Syria, and also far from formulating an identity that reflects the components of the Syrian people—a people that has been killed by hollow slogans and dispersed by foolish alliances, retreating into themselves after losing hope for solutions that grant them true citizenship free from regionalism, favoritism, and quotas.
This is aside from the underlying local intentions of some that align with regional and international aspirations aimed at dividing Syria into sectarian mini-states, facilitating their control and absorption in subsequent moments of weakness, a scenario being worked on for decades.
Here, the role of the current administration of Syria becomes prominent—an administration that we recognize faces the burdens of rebuilding a state in which the fleeing family regime left no stone on stone, and the burdens of convincing the Syrian people of its legitimacy, as well as reassuring neighboring countries and the world that it is moving towards building a unified Syria with the participation of all Syrians, regardless of their sectarian and national affiliations. However, this administration simultaneously bears the responsibility for any failure in achieving this, as the way it manages the transitional phase will determine the outcomes at the national level, especially since this administration is currently the strongest link in the Syrian scene, the link upon which hopes are pinned. As it gradually gains the trust of the Arab world and beyond, it must use that as a foundation for accomplishing the establishment of national institutions and drafting a constitution that achieves justice and equality for all Syrians.
As for the role of the Syrian people in this unique historical moment that cannot be repeated, it lies in powerfully engaging in the process of rebuilding state institutions by crystallizing their intellectual and political currents and forming their parties and unions, so they are present for any democratic entitlement, ensuring no harmful void is left, and not missing the opportunity to participate in determining their destiny and the destiny of Syria, while thwarting the opportunistic climbers and those with malicious intentions from taking Syria to a place of no return.
Levant: Nizar Ghaleb Fleihan
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BENEFIT AGM approves 10%...
- March 27, 2025
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.
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