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Khamis Khanjar, a leader-in-waiting for Iraqi Sunnis

Western media first took note of the man after he was sanctioned by the United States back in 2019, on accusations of corruption. Stories went viral about his dodgy relations with Saddam Hussein’s son Uday, and how Khanjar made his wealth through their patronage by selling UAE-manufactured cigarettes in Iraq back in the 1990s. That relationship did not last long and came to an end in 1996, when Khanjar left Iraq to work in Dubai, expanding his business to include real estate development, financial services, and industry. In March 2003, he supported the US-led invasion of Iraq which toppled Saddam and led to his killing, along with his two sons.
Accusations and controversy
Khanjar first graced the post-Saddam scene by financing the Sunni insurgency that erupted in his native Falluja, west of Baghdad. Ten years later, he was accused of harboring ISIS-sympathies, which prompted him to establish a 3,000-man army of Sunni tribal leaders to fight the Islamic State in Iraq. That did not clear his name, however, and in 2015 an Iraqi court ordered his arrest for ties with ISIS, an accusation that he continues to challenge. One year later, Khanjar raised eyebrows by calling for a three-way federation of Iraq between Sunnis, Shiites, and Kurds. The Sunni region, he argued, would become a hub for regional investment by Saudi Arabia and the UAE, while the Shiite one would remain in Iran’s orbit.
Khanjar’s opponents, mainly rival Sunni Muslims, have tried to tarnish his reputation by saying that he was bankrolling his political party—known as al-Mashrou’ al-Arabi (The Arabic Project) from dirty money. They point to the fact that Khanjar’s name appeared in the Pandora Papers, as having established offshore companies in the British Virgin Islands, reportedly for tax evasion. Although offshore registration is not illegal, tax evasion is but there is nothing to prove that Khanjar was involved in any illegal financial conduct, apart from bazaar gossip and rumors, which are always ripe in Baghdad. Opponents have also exaggerated his relationship with Saddam Hussein’s family and with ISIS. To clean his name, Khanjar has hired the Washington DC-based Glover Park Group, a lobbying firm run by former Clinton White House officials, paying as much as $65,000 USD/month. He has also established two satellite channels to promote himself, one named after his native Falluja and another UTV.
Yes despite the character slaughter, Khamis Khanjar is one name to be consulted ahead of the forming of Iraq’s new government. Combined with Halbousi, he is dual leader of the Sunni bloc that includes 49 out of 329 seats. No prime minister can be appointed without their approval. Halbousi is considered close to Saudi Arabia and the UAE while Khanjar is usually looped with Turkey and Qatar. That is another common mistake often related to reports on Khamis Khanjar. He is very keen on staying out of Gulf disputes and taking with one Gulf state against the other. And yet despite his strong relations with the Gulf he is also on excellent terms with Iran and its Shiite parties in Iraq. Prior to the formation of Adel Abdul Mehdi’s cabinet in 2018, he was often in the media meeting with Iran’s proxies, Haidar al-Amiri of the Badr Organization and ex-Prime Minister Nouri al-Malki. Last April, Iranian Foreign Minister Javad Zarif even paid him a visit at his Baghdad residence. The lion’s share of parliamentary seats remains in the hands of these Shiite parties, and Khanjar realizes that he needs to work with them to increase his clout in Sunni politics.
The Lebanon comparison
That is what Rafik al-Hariri did when first becoming prime minister back in 1992. He reached out to Hezbollah, welcoming them as partners in post-war Lebanon while promising to protect their arms. In return, they supported his political rise until relations turned sour in 2004. Like Hariri before him, Khanjar is walking the tightrope by courting the Shiites to cement his grip on Sunni politics. Both owe their political careers to the massive wealth that is at their disposal, made through business deals in the Arab Gulf. When Hariri returned to Lebanon at the end of the civil war, traditional Sunni leaders were either too old, like ex-Prime Minister Saeb Salam, or too weak, like ex-premier Omar Karami, making his rise a relatively easy task. The same applies to Iraq, where no Sunni Muslim leader has emerged to replace Saddam Hussein, although it has been nearly nineteen years since his removal from power in 2003. The few names that did emerge, like Saleh al-Mutleq and Tarek Hashimi, lacked the money and charisma to establish themselves as pan-community leaders.
Khanjar’s only opponent now is Speaker Mohammad al-Halbousi, who has none of Khanjar’s deep pockets. He is rising in open territory, among a headless community that is dying for both leadership and money. Khanjar promises to provide both, and for that, he is one man to be watched and observed.

BY: Sami Moubayed
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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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