Israel the Death of Hashem Safi al-Din in Targeted Airstrikes on Beirut Suburbs
October 5, 2024, 11:16 am

Israel the Death of Hashem Safi al-Din in Targeted Airstrikes on Beirut Suburbs

هاشم صفي الدين

Sources from "Al Arabiya" and "Al Hadath" reported on Saturday that Israel has confirmed the death of Hashem Safi al-Din and all those who were with him as a result of Israeli airstrikes on the southern suburbs on Thursday evening.

Prior to that, the Israeli newspaper "Yedioth Ahronoth" reported that estimates indicate that everyone at the Hezbollah intelligence headquarters, which was targeted on Thursday evening in the southern suburbs of Beirut, was killed in the attack involving seventy-three tons of bombs.

The newspaper pointed out that the attack specifically targeted Hashem Safi al-Din, a candidate to succeed Hassan Nasrallah, adding that the head of the party's intelligence was also present at the time of the bombing.

According to the newspaper, the attack aimed at Hashem Safi al-Din, who is seen as a potential successor to Hassan Nasrallah in leading Hezbollah, and he was accompanied by the party's intelligence chief, known by the nickname "Murtada."

Mohammad Rashed Skafi, the commander of Hezbollah's communication systems, was also targeted, according to Israeli army spokesman Avichai Adraee.

The Israeli airstrike targeted a deeper location than the depth at which Nasrallah was killed, using seventy-three tons of explosives in the attack.

The newspaper suggests that there was no chance of survival from the attack due to the collapse of the shelter or the release of gases that could lead to suffocation.

Hashem Safi al-Din is a high-ranking leader in Hezbollah and currently serves as the head of the executive council in the party. He is the cousin of Nasrallah and resembles him in appearance but is considered more radical than him according to several sources.

He serves as an important link between Hezbollah and Iran, and he has family ties with decision-makers in Tehran, as his son, Rida, married Zainab, the daughter of former IRGC general Qassem Soleimani.

Hashem Safi al-Din’s brother, Abdullah, is Hezbollah's representative in Tehran.

Beginning in 2017, Washington classified Hashem Safi al-Din as a foreign terrorist.

Continued Israeli Strikes on Lebanon Amid Rising Casualties Intense Airstrikes Hit Southern Beirut as Israel Targets Hezbollah in Mosque

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.