BFB has officially announced the appointment of its new Board of Directors, with Abdulwahed AlJanahi, Chief Executive at BENEFIT, assuming the role of Chairman of the Board. The inclusion of key industry figures signifies the collective ambition of the two entities to contribute significantly to the advancement of Bahrain’s financial technology ecosystem.
Among the distinguished members on the newly formed BFB Board are Yousif Al Nefaie, Deputy Chief Executive of BENEFIT, serving as Vice Chairman. Other members include Nezar Maroof, Assistant General Manager of Marketing & Communication at BENEFIT; Hessa Husain, Assistant General Manager of Bahrain Credit Reference Bureau; Layla Al Qassab, Chief Financial Officer of BENEFIT; Rashad Faraj, Executive Director of Special Projects at Bahrain Economic Development Board; and Dalal Buhejji, Executive Director of Business Development (Financial Services) at Bahrain Economic Development Board.
BFB’s extensive network of fintech players and a comprehensive suite of services, including acceleration programs, corporate innovation advisory, talent development, and educational initiatives, are set to be leveraged under the partnership. The collaboration aims to bolster BENEFIT’s regional growth strategies and research and development activities at a global level.
BENEFIT, known for its pioneering role in electronic financial transaction services, has set new standards for digital payments in the region with its acclaimed initiatives such as the Benefit Pay application. The partnership between BFB and BENEFIT aligns with Bahrain’s national initiatives to foster technology-driven innovation in the financial sector. This strategic move further cements Bahrain’s position as a leading fintech hub in the region.