Sheltered by Russia… Coastal Displaced Persons Refuse to Leave Hmeimim for Fear of Reprisal
The displaced people's refusal to leave the Russian base reflects a deep distrust in the security assurances of the new authorities and highlights the persistent fear of ongoing violations in the regi
March 17, 2025, 6:12 pm

Sheltered by Russia… Coastal Displaced Persons Refuse to Leave Hmeimim for Fear of Reprisal

مطار حميميم

The Russian-operated "Hmeimim" base hosted Amjad Sultan, director of Jableh district under the Syrian interim government, during his visit to citizens who had taken refuge there to escape the recent surge of violence and abuses sweeping the Syrian coastal region.

The official from the transitional government attempted to reassure those seeking shelter at the base, claiming that security had been restored in their villages and that the situation was now stable, just like in areas where other displaced persons had previously returned. This appeared to be a deliberate effort to obscure the ongoing violations in the region.

He further presented the so-called measures taken by the interim government to reinforce security and provide basic needs to ensure a safe and stable return of displaced residents, disregarding their genuine fears.

It is worth noting that the civilians sheltering in the Russian "Hmeimim" base have categorically refused to leave since their arrival, fearing death and retaliation, exposing the falsity of official claims regarding restored security.

In an attempt to improve its image, the security apparatus of the interim government claimed to be rehabilitating infrastructure. Work teams from the Transformer Station Maintenance Department in Latakia province alleged they were repairing transformers said to have been "sabotaged by remnants of the former regime" and "targeted by gunfire"—a justification for the damage inflicted on infrastructure during recent events.

Meanwhile, pro-government media claimed that gas operations had resumed at the "Sadcop" plant in Baniyas after days of suspension, attributing the shutdown to "attacks by remnants of the former regime," a clear attempt to justify the ongoing disruptions in basic services.

The interim government’s security forces continue their campaign to disarm civilians, claiming they had received around 600 light weapons from local dignitaries in rural Qadmous, Tartus province—a move aimed at tightening control over the region.

In Hama province, the government’s security agencies also claimed they had arrested an alleged "member of the remnants of the former regime involved in recent events" in the Wadi al-Oyoun area. However, observers believe such accusations are being used to justify arbitrary arrest campaigns targeting civilians.

Similarly, in Latakia province, the interim government’s security forces claimed to have received a cache of weapons from residents in the village of Ghaniri, near Jableh, under a prior agreement with local elders—an ongoing effort to strip civilians of arms to facilitate control over them.

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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.