Monday 14 July 2014
Benefit Company

Bahrain cuts ATM withdrawal fees

ATM cash withdrawal fees in Bahrain will be cut from 200 fils ($0.52) to 100 fils from April 1, said a top official. The move was approved by the board of directors of Bahrain’s Electronic Network for Financial Transactions


KFH-Bahrain introduces direct debit

Kuwait Finance House – Bahrain, a leading provider of Islamic investment, has announced its participation in the direct debit service of The Benefit Company, which operates the cash machine (ATM) network in the kingdom. This automated mech


Bahrain to launch new cheque clearing system

The Central Bank of Bahrain (CBB) and the Benefit Company, which operates the cash machine (ATM) network in the kingdom, announced that the new Bahrain Cheque Truncation System (BCTS) will commence operations on May 13. BCTS will


Benefit proposes dividend of 25pc

The Benefit Company's board is recommending a dividend of 25 per cent on its share capital after seeing profit move ahead last year. The Bahrain-based company, which provides services to financial institutions saw, net profit up 7 per cent


Sinnad opens new Bahrain office

Sinnad, the Network International and the Benefit Company joint venture, which provides third-party ATM and card processing services, recently inaugurated its new office in Bahrain. 'Sinnad’s vision and goals are to pursue strategic pa

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