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Delay and Ambiguity: Doubts About the Credibility of Syrian Coastal Events Investigation Committee
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The delays in announcing investigation results raise serious questions about the committee's seriousness and independence from parties involved in the unfortunate events on the Syrian coast

The investigation committee for the events that occurred on the Syrian coast in early March stated yesterday, Tuesday, that it has documented dozens of testimonies so far, while emphasizing that it's still too early to reveal investigation results—a move raising more questions about the seriousness of these investigations.
The committee's official spokesperson, Yasser Al-Farhan, stressed during a media briefing in Damascus that investigations continue regarding events that occurred between March 6-8 in the coastal region, for which the Syrian interim caretaker government announced the committee's formation. However, no clear timeframe was specified for completing the investigations.
Al-Farhan added that the committee began its field work on March 14, when members went to Latakia governorate and held meetings with official and security entities, speaking with "hundreds of family members and witnesses"—a step that comes significantly late after the events occurred, raising fears about loss of evidence and witness intimidation.
As a result of these meetings, the committee recorded "more than 95 statements" and received "more than 30 audio and written reports through direct communication with its members," noting that the committee continues to receive messages through electronic platforms, but without any indicators about the nature or content of these statements.
Authorities accused militants loyal to deposed President Bashar al-Assad of igniting violence in the coastal region by launching attacks on their personnel, and sent military reinforcements to the area, reflecting the continued security approach to handling crises instead of adopting political solutions.
Al-Farhan mentioned that the committee has completed examining "93 pieces of digital evidence either publicly circulated or obtained privately," and has met with the UN International Commission of Inquiry on Syria, the High Commissioner for Human Rights, and the UN Special Envoy for Syria team, in an attempt to give international legitimacy to its work.
According to Al-Farhan, the committee plans to continue "its fact-finding work and witness hearings in Latakia" and intends to "move during the upcoming period to Tartus, Baniyas, Hama, and Idlib regions." He emphasized that it's still premature to "disclose details," which reinforces doubts about the transparency of the committee's work.
While the committee claimed it had not suffered any "attacks from regime remnants... or any threats," it admitted that the region "still has perpetrators of crimes against humanity outside justice," and therefore "movement in the area is dangerous," raising serious questions about the committee's ability to work freely and independently.
Al-Farhan noted: "Until now, we are waiting for the transitional justice law to be issued in Syria," adding that "there is a likelihood among Syrians... that a special national court will be established to prosecute those involved in war crimes and crimes against humanity," reflecting the absence of a clear legal framework for accountability and suggesting that investigation results may not lead to genuine accountability.
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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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