Latest news with #HessaHussain
Zawya
12-03-2025
- Business
- Zawya
BENEFIT promotes employees as Bahrainisation Hits 93.6%
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, has announced the promotion of several employees across various departments as part of its ongoing commitment to workforce development. This initiative aligns with the company's strategy to invest in national cadres, enhance performance, foster innovation, and maintain a competitive edge while supporting Bahrain's broader economic and workforce localization objectives. The latest senior leadership appointments include Ms. Hessa Hussain as Deputy Chief Executive- Bahrain Credit Reference Bureau and Data Services, Mr. Reyadh AlMearaj as Chief Information Officer, Mr. Nezar Maroof as Chief Marketing & Corporate Communication Officer, and Mrs. Latifa AlMutawa as Assistant General Manager - Bahrain Credit Reference Bureau. In addition, various employees have been promoted to new roles across other key departments. On this occasion, BENEFIT's Chief Executive Mr. Abdulwahed AlJanahi, extended his congratulations to the promoted employees, stating, 'We take great pride in recognising the achievements of our dedicated team members, whose commitment and hard work have played a key role in the company's continued success. It is particularly rewarding to see our Bahraini employees advancing in their careers, stepping into leadership roles with competence and distinction. Their growth strengthens BENEFIT's efforts to cultivate a visionary leadership team, empowered to drive transformation in the financial sector.' Mr. AlJanahi underscored BENEFIT's remarkable Bahrainisation rate of 93.6%, highlighting the company's commitment to cultivating national cadres in leadership roles, and noted BENEFIT's strategic focus on empowering Bahraini professionals by enhancing their skills, supporting their career progression, and fostering a dynamic work environment that enables them to excel. Mr. AlJanahi stated that workforce development at BENEFIT is driven by continuous training and professional growth initiatives, which are integral to the company's long-term success, and noted that investing in human capital ensures employees are well-equipped to drive progress and innovation. Among the newly promoted employees, Ms. Hessa Hussain, who joined BENEFIT in 2005, holds an MBA from DePaul University and a bachelor's degree in computer engineering from the American University of Sharjah. With 20 years of experience in Credit Information & Data Services, eKYC, Fintech and Digital leadership, Ms. Hussain has played a pivotal role in digitising banking and credit services in the banking sector. Mr. Reyadh AlMearaj, who became part of the company in 2017 holds an MBA from the University of Glamorgan and a bachelor's degree in information systems management from the University of Bahrain. With over 26 years of experience in information and communication technology, Mr. AlMearaj has played a pivotal role in advancing the banking sector. Mr. Nezar Maroof, who joined BENEFIT in 2017, holds a master's degree in information technology from George Washington University and a bachelor's degree in computer science. With more than 25 years of experience in technical architecture, electronic process engineering, innovation, and IT strategy development, Mr. Maroof has played a key role in advancing the company's digital initiatives. Moreover, Mrs. Latifa AlMutawa, who also joined BENEFIT in 2017, holds a bachelor's degree in business information systems from the University of Bahrain and an Advanced Diploma in Islamic Finance. Mrs. AlMutawa is a certified Professional Risk Manager by PRIMIA with 19 years of experience in risk management and banking, in addition, she holds multiple professional certifications in fintech, risk management and fraud prevention from reputable organisations. Mrs. AlMutawa brings a wealth of expertise to her new role.
Daily Tribune
09-02-2025
- Business
- Daily Tribune
BENEFIT launches Credit Information Exchange with Kuwait's CINET
Email : BENEFIT, Bahrain's innovator and leading company in Fintech and electronic financial transactions services, and Kuwait Credit Information Network Company (CINET) launched the credit information exchange to facilitate commercial credit inquiries between Kuwait and Bahrain. This step comes in line with the GCC Supreme Council's decision approving the exchange of credit information between GCC member states. The agreement was signed during a ceremony held at CINET's headquarters in Kuwait in the presence of senior representatives from both institutions. The launch marks a significant milestone towards enhancing financial cooperation among Gulf countries by establishing a structured and secure framework for institutional connectivity and data exchange. Moreover, it provides financial institutions in both markets with real-time access to credit information, enabling them to make informed decisions on lending and credit facilities while helping to mitigate risks and strengthen overall financial stability. It also aligns with the directives of the GCC Financial and Economic Cooperation Committee and adheres to key regulatory guidelines. In addition to strengthening financial stability, the collaboration between CINET and BENEFIT supports innovation within the credit information sector by facilitating the exchange of institutional expertise and best practices. As part of this agreement, both organizations will work through standardized processes for requesting, analyzing, and sharing credit information in a secure and efficient manner. For her part, Ms. Hessa Hussain, Assistant General Manager at BENEFIT, stated: 'This promising collaboration is an important step in the efforts to develop financial inclusion among the GCC countries. By facilitating the secure exchange of credit information between Bahrain and Kuwait, we are helping financial institutions make informed decisions, reduce risks, and contribute to building a more robust and resilient financial system. We look forward to strengthening the cooperation and enhancing regional partnerships that play an active role in encouraging innovation and achieving financial stability across the region.' Mrs. Mai B. Al-Owaish, CEO of CINET, emphasized the importance of this step, stating: 'This launch underscores the vital role of credit information in today's financial landscape. Enabling real-time access to accurate, comprehensive, and reliable data strengthens financing effectiveness and supports the expansion of credit facilities across various markets. Through this collaboration, we remain committed to building a more transparent and resilient financial system that benefits individuals, businesses, and financial institutions alike.' Al-Owaish added: 'Our partnership with BENEFIT aligns with CINET's broader strategy to enhance regional cooperation by facilitating the seamless exchange of credit information. This launch builds on our existing collaboration with GCC countries and, as such, reinforces our commitment to regional financial and monetary integration. As the GCC advances toward deeper economic integration, such initiatives will play a crucial role in financial infrastructure development and fostering a more interconnected and dynamic credit market.'
