Fadi Saqr: A War Criminal Becomes a "Peace Maker" in Latakia
March 31, 2025, 4:30 pm

فادي صقر

Fadi Saqr, one of the most notorious war criminals involved in the massacre in the neighborhood of Tadamon in Damascus, appeared in the city of Latakia, where he was greeted with applause as a "goodwill mediator" following the release of 16 detainees. Saqr is now being presented as a "peace maker," despite his grim reputation as a cold-blooded killer, with some thanking him for "reviving the holiday in the hearts of mothers" without any accountability or indictment, raising questions about the reward of a murderer and the promotion of his image within the regime's fake civil peace forums.

Saqr arrived in a convoy of eight cars, accompanied by a group from the General Security, under the supervision of what is known as the "Security Follow-Up and Political Affairs" in the new Syrian state.

Settlements Linked to the Resort Owner

According to informed sources, his visit was part of settlements related to the resort owner, Safwan Khair Bek, a leader in the National Defense Militia and one of the prominent supporters of Assad's militias. Khair Bek is criticized for his involvement in the massacres in the city of Banyas during the early years of the Syrian revolution, as well as for his close ties with the security and economic apparatus of the former regime.

This marks Saqr's second visit to the resort, having previously visited about ten days ago with his family, where they rented private chalets away from other visitors, reflecting the ongoing security privileges enjoyed by certain figures despite the political changes.

Failed Negotiation Attempt with Locals

Local sources indicate that Saqr's visit was also linked to an attempt to negotiate with several locals at the Hmeimim base as part of new security arrangements, but the effort ended in failure, raising questions about the nature of the role Saqr seeks to play in the current phase.

Ghadeer Al-Salem Accompanies Him

Accompanying Fadi Saqr to Latakia was Ghadeer Al-Salem, a leader in the National Defense Militia in the Tadamon neighborhood. The General Security had detained Al-Salem from his home in Tadamon on February 7 for insulting peaceful protesters, but he was released after three days.

Fadi Saqr's visit to Latakia raises many questions about the new security arrangements and the fate of figures associated with the former regime. Are these movements part of political and security deals, or are they individual attempts to capitalize on changing circumstances?

Egyptians Take to the Streets to Demand Support for Palestine and Reject Displacement Syria... Complex Files on the Table of the Caretaker Government and the International Community Watches

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.