Britain's King Charles to address a nation in mourning
September 9, 2022, 9:04 am

Britain's King Charles to address a nation in mourning

Prince Charles with his wife Camilla-Facebook page

Britain's King Charles will address a nation in mourning on Friday (Sep 9) following the death of his mother and the country's figurehead, Queen Elizabeth, at the age of 96.

Charles, who raced to be by the side of the queen before she passed away at her Scottish home on Thursday, was due to travel back to London with his wife Camilla, now Queen Consort, before meeting the prime minister and making a televised statement.

The death of the queen, Britain's longest-reigning monarch and a towering presence on the world stage for seven decades, has drawn condolences from around the world.

At first light in London, members of the public continued laying flower outside Buckingham Palace and billboards across the city displayed messages of condolence. Newspapers ran front-page photo tributes to the queen.

On Thursday, thousands had gathered outside the queen's palace, where the news was met with a stunned silence as the flag was lowered to half-mast.

The Queen died peacefully at Balmoral this afternoon.

The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow. pic.twitter.com/VfxpXro22W
— The Royal Family (@RoyalFamily) September 8, 2022

Many described a sense of shock at the death of the only monarch most Britons have ever known.

“She's the person we've always looked up to,” a tearful retiree Christine West told Reuters outside the queen's Windsor Castle home to the west of London. “It's a sad day for us all”.

Charles, who automatically became monarch of the United Kingdom and the head of state of 14 other realms, including Australia, Canada and New Zealand, said the death was a moment of great sadness for himself and his family.

“We mourn profoundly the passing of a cherished Sovereign and a much-loved mother. I know her loss will be deeply felt throughout the country, the Realms and the Commonwealth, and by countless people around the world,” the 73-year-old said in a statement.

The Queen appointed Ms Truss as prime minister at Balmoral, instead of travelling to London for the event - Photo. The Royal Famliy official Facebook page

He is expected to meet Prime Minister Liz Truss on Friday before later addressing the country. There will also be gun salutes.

News that the queen's health was deteriorating emerged shortly after midday on Thursday when her doctors said in a statement that she was under medical supervision, prompting her family to rush to Scotland.

Buckingham Palace: Queen Elizabeth II has died at Balmoral

The queen had been suffering from what Buckingham Palace had called “episodic mobility problems” since the end of last year, forcing her to withdraw from nearly all her public engagements. Her husband of 73 years, Prince Philip, died in 2021.

Her last public duty came only on Tuesday, when she appointed Truss prime minister - the 15th of her reign.

“The death of Her Majesty the Queen is a huge shock to the nation and to the world,” Truss said outside her Downing Street office where the flag, like those at royal palaces and government buildings across Britain, were lowered.

“Through thick and thin, Queen Elizabeth II provided us with the stability and the strength that we needed. She was the very spirit of Great Britain – and that spirit will endure.”

Source: alarabiyaenglish

Buckingham Palace: Queen Elizabeth II has died at Balmoral Camilla becomes queen consort, without the sovereign’s powers

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.