Al-Jubeir calls Iran FM Zarif’s statements on Saudi attacks ‘outlandish, laughable’
September 22, 2019, 10:41 am

Al-Jubeir calls Iran FM Zarif’s statements on Saudi attacks ‘outlandish, laughable’

“Either Mr. Zarif is not telling the truth, or he’s not aware of what his government is doing,” al-Jubeir said. (File photo Reuters)

Saudi Arabia’s Minister of State for Foreign Affairs Adel al-Jubeir called Iranian Foreign Minister Mohammad Javad Zarif’s statements on the recent attacks on Saudi oil facilities “outrageous, outlandish and frankly laughable.”

In an interview with CNN’s Nic Robertson, al-Jubeir was asked about his thoughts on Zarif’s statement where he said that Saudi Arabia was “willing to fight Iran down to the last US soldier.”

“It confirms that he’s said many outrageous and outlandish things, and frankly laughable things… Saudi Arabia always carries its weight; Saudi Arabia and the United States are not reckless when it comes to wars. War is the last resort, it’s the Iranians who are reckless in engaging in such behavior,” al-Jubeir responded.

Iranian officials have continued to deny any involvement in the attacks that targeted Saudi Aramco’s oil facilities in Khurais and Abqaiq on September 14, despite investigators identifying the weapons used as Iranian-made.

“He and other Iranian officials have said a lot of things that are frankly not correct, if not, outright lies. And so, to say that they are not responsible for this or they didn’t do it is outrageous,” al-Jubeir said.

“Either Mr. Zarif is not telling the truth, or he’s not aware of what his government is doing,” he added.

Iranian officials have issued several statements since the attacks, including a tweet by the Iranian foreign minister who said that US President Donald Trump’s administration and “ambitious allies” should pray that a war does not happen “for their own sake,” in addition to threatening an “al-out war.”

Iran’s Supreme Leader had also said stated that “there will be no talks with the US at any level.” The statement came as the UN’s General Assembly is set to convene this week, ending speculations that US and Iranian officials would meet.

“There is an art of the Iranian government that projects an image of wanting to talk to the world, but they don’t seem to have influence. And there’s another part of the government that wants to expand the revolution and take over the region and don’t want to talk so it’s like two faces of the same coin,” al-Jubeir said.

US Senator Cassidy: Iran is in ‘a state of desperation’ World Health Organization says Tanzania not sharing information on Ebola

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.