The General “Banft” is elected a new board of directors for the period (2025-2028)

“Benfa”, the leading company in the field of financial technology and the service of electronic financial transactions in the Kingdom of Bahrain, held its regular public association and its unusual public association, at the company’s headquarters in the Al -Seef region.

During the ordinary general assembly, the minutes of the previous meeting held on March 26, 2025 were approved, and the current board of directors of its work was discharged from January 1, 2025 until the date of the meeting.

The agenda of the meeting included the election and appointment of a new board of directors for the period (2025 – 2028), after the end of the current council’s work period, and the chairman and CEO of the company were delegated to follow up and complete all official procedures related to the appointment of the new board of directors on behalf of the shareholders, in order to ensure the continuity of the company’s work in accordance with the applicable legal and regulatory frameworks.

The shareholders also discussed other provisions in line with Article 207 of the Commercial Companies Law.

The meeting also witnessed the appointment of Mona Al -Hashemi as Chairman of the Board of Directors, in a historical step, as she is the first woman to hold this position. The distribution of the tasks of the committees emanating from the council was also approved to the rest of the members in a manner that ensures the continuity of institutional work in accordance with best practices.

On this occasion, Mona Al -Hashemi stated: “The assumption of the chairmanship of the board of directors is a source of pride and great pride for me.”

This precious confidence that I received from the shareholders and members of the Council constitutes a major responsibility that leads me to continue the process of development and growth and enhance the company’s leading position in the financial technology sector.

I also extend my sincere thanks and appreciation to the previous board of directors, for its prominent achievements and contributions that contributed to the consolidation of the company’s position and the development of its business. I confirm my keenness to work with the colleagues of the council members in the spirit of one team, in order to move forward in the march of success, achieve the aspirations of shareholders and keep pace with the future directions of the financial sector in the Kingdom of Bahrain and the region.

Al -Hashemi appreciated the continuous support provided by the Supreme Council for Women headed by Her Royal Highness Princess Sabika bint Ibrahim Al Khalifa, the wife of the country’s great monarch, and its tireless efforts in promoting Bahraini women’s participation in various vital sectors, especially the financial and banking services sector, which enables them to assume various leadership positions and decision -making sites in companies, in a way that establishes the prestigious position of Bahraini women as a pioneering model In efficiency and leadership in various fields of work.

Within the framework of the extraordinary general assembly, the shareholders approved the minutes of the previous meeting held on March 26, 2024, and the necessary amendments were approved to the establishment of the company’s articles of association and the company, after obtaining the approval of the Central Bank of Bahrain and the other concerned authorities.

The Chairman and CEO of the company was delegated to sign the documents of the founding contract and the statute of the amending company on behalf of the shareholders before the notary.

On this occasion, Mohamed Al -Bastaki, Chairman of the Board of Directors for the current period ending with the company “Benfa”, thanked the company’s thanks and appreciation of the members of the Board of Directors, the executive management and the shareholders of the company, appreciating their efforts, continuous support and confidence, which is always the first catalyst for the company, its giving nerve and its continuity, and in a way that establishes its pioneering position and its reputation in the field of financial technology, payment services and electronic financial transactions.

He stressed that “Benfa” is going at a steady pace in implementing its strategy that the Board of Directors set to improve the company’s performance, expand it and put it in the ranks of advanced financial technology companies to achieve the best sustainable value for its long -term shareholders, expressing his pride in the vital role of the company in supporting the march of digital transformation and financial innovation, in order to keep pace with the aspirations of the Bahrain Central Bank and Bahrain Economic Vision 2030.

For his part, Mr. Abdul Wahid Al -Janahi, CEO of Banfta, stated: “The decisions approved by the General Assembly reflect the confidence of the shareholders in the company’s strategy and its ability to achieve sustainable growth, and we are committed to continuing our efforts to develop the national payments system and enhance innovation in digital financial services, in line with the company’s plans and strategic directives of the Central Bank of Bahrain, and we will work with the new board of directors on Take advantage of future opportunities and expand the horizons of partnership and integration with various sectors, to achieve the satisfaction of our customers and consolidate the position of “Banft” as a major engine for digital transformation in the Kingdom.

Al -Janahi added: “I also am pleased to extend my sincere congratulations to Mrs. Mona Al -Hashemi on the occasion of her appointment as Chairman of the Board of Directors, in a historical step as she is the first woman to take this position in the history of the company, and we are confident that her leadership will constitute a qualitative addition to the company’s march, and will contribute to continuing to build on the achievements and advance the development march forward in a way that achieves sustainable value for the shareholders and all the parties concerned.”

Mona Al -Hashemi chairs the Board of Directors, while Nabil Mustafa holds the position of Vice Chairman of the Board, and the Council includes in his membership both Sheikh Salman bin Isa Al Khalifa, Youssef Al -Fadil, Alaa Bushehri, Mr. Ahmed Taqi, Samih Abu Talib, Khaled Abi Khalil, Muhammad Bouhaji and Samir Al -Rabdi.