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Rawafed Damascus Private Joint Stock Company

Sanctioned entity

Rawafed Damascus Private Joint Stock Company is subject to sanctions. See the individual program listings below.

Type	Company				[sources]
Name	RAWAFED DAMASCUS PRIVATE JOINT STOCK COMPANY · Rawafed Damascus Private Joint Stock Company · Rawafed Tributary Damascus Private Joint Stock Company · Rawafid Damascus Private Joint Stock Company · Rawafid Tributary Damascus Private Joint Stock Company · 2 more...				[sources]
Other name	RAWAFED DAMASCUS INVESTMENTS COMPANY · RAWAFED DAMASCUS PRIVATE JOINT STOCK COMPANY · RAWAFED DAMASCUS PRIVATE JSC · RAWAFID DAMASCUS PRIVATE JOINT STOCK COMPANY · Rawafed (Tributary) Damascus Private Joint Stock Company · 10 more...				[sources]
Incorporation date	2018-04-08 · 2018-05-31				[sources]
Legal form	Joint Venture. Private Joint Stock Company				[sources]
Jurisdiction	not available				[sources]
Country	Syria				[sources]
Keywords	Construction and construction sector · Private sector · قطاع الإنشاءات والبناء · قطاع خاص				[sources]
Registration number	`VZKEX3Q6E667`				[sources]
Sector	Construction of buildings · Real estate activities with own or leased property				[sources]
Summary	A private joint stock company established with 25.9 billion Syrian pounds in capital. Founded by Damascus Cham Holding in partnership with four companies including Ramak Development and Humanitarian Projects LLC, to develop and invest in 3 residential and investment schemes in Marota City. Sanctioned by the US and EU. · شركة تعمل في مجال البناء والإنشاءات. تملكها مجموعة دمشق الشام القابضة بالاشتراك مع 4 شركات بينها راماك للمشاريع التنموية والإنسانية (رامي مخلوف). مدرجة في قوائم العقوبات الأمريكية. مدرجة في قوائم العقوبات الأوروبية				[sources]
Address	Damas · Damascus, Syria · MAROTA CITY, DAMASCUS, SYR · Marota City, Damascus				[sources]
Source link	gels-avoirs.dgtresor.gouv.fr · sanctionssearch.ofac.treas.gov				[sources]
Last change	2024-10-14	Last processed	2024-10-21	First seen	2023-04-20

Descriptions

A USD 48,3 million joint venture between Damascus Cham Holding, Ramak Development and Humanitarian Projects, Al-Ammar LLC, Timeet Trading LLC (a.k.a. Ultimate Trading Co. Ltd.) and Wings Private JSC. Rawafed supports and/or benefits from the Syrian regime, including through its participation in the regime-backed luxury development Marota City.

— Swiss SECO Sanctions/Embargoes, 2023-04-20

Coentreprise d'une valeur de 48,3 millions de dollars des États-Unis entre Damascus Cham Holdings, Ramak Development and Humanitarian Projects, Al-Ammar LLC, Timeet Trading LLC (également dénommée Ultimate Trading Co. Ltd.) et Wings Private JSC. Rawafed . Soutient le régime syrien et/ou en tire avantage, y compris par sa participation à la construction de Marota City, un projet immobilier et commercial haut de gamme appuyé par le régime.

— French National Asset Freezing System, 2023-04-20

Adresse : SYRIE : Damas

— Monaco National Fund Freezing List, 2024-08-14

Rawafed Damascus Private Joint Stock Company is a company operating in development and construction. It was founded with 25.9 billion Syrian pounds in capital, and owned by Damascus Cham Holding Group in partnership with four companies including Ramak Development and Humanitarian Projects LLC (Rami Makhlouf). Damascus Cham Holding received 49% of shares in the company in exchange for an in-kind contribution (the land on which the buildings would be built, valued at 12.7 billion Syrian pounds). The strategic partners bought 51% of the company for 13.2 billion Syrian pounds. The new company invested in a variety of economic sectors, import and export business, services, consulting, and the management of commercial, tourism and agricultural projects, as well as developing and investing in real estate. Rawafed Damascus Private Joint Stock Company is subject to US and EU sanctions.

— Syrian Observatory of Political and Economic Networks non-official source, 2023-04-20

شركة روافد دمشق المساهمة المغفلة الخاصة. تأسست برأسمال 25.9 مليار ليرة سورية من مجموعة دمشق الشام بالاشتراك مع 4 شركات بينها راماك للمشاريع التنموية والإنسانية، وذلك لتنفيذ واستثمار 3 مقاسم سكنية واستثمارية في ماروتا سيتي. حصلت شركة دمشق الشام القابضة على 49% لقاء أسهم عينية (قيمة الأرض التي ستقام عليها الأبنية) بقيمة 12.7مليار ليرة سورية، وحصل الشركاء الاستراتيجيون على نسبة 51% لقاء أسهم نقدية بقيمة 13.2 مليار ليرة سورية. سيشمل عمل الشركة الجديدة الاستثمار في مختلف القطاعات الاقتصادية وأعمال الاستيراد والتصدير وتقديم الخدمات والاستشارات، وإدارة المشاريع التجارية والخدمية والسياحية والزراعية واستثمارها وتطويرها والمشاركة فيها وشراء وبيع وتأجير واستئجار العقارات. مدرجة في قوائم العقوبات الأمريكية. مدرجة في قوائم العقوبات الأوروبية شملتها العقوبات البريطانية في 22/01/2019

— Syrian Observatory of Political and Economic Networks non-official source, 2023-04-20

Relationships

Address
Full address	Country
Damascus	Syria
Marota City, Damascus	Syria
Damascus, SYRIAN ARAB REPUBLIC · Damascus, Syrian Arab Republic	Syria

Linked from
Subject	Role	Start date	End date
TIMEET TRADING LLC	The owner of a partner · شركة تابعة · مالك شريك_شركة أم	2018-05-31	-
Damascus Cham Holding Company	Subsidiary · شركة تابعة · مالك شريك_شركة أم	-	-
WINGS PRIVATE JSC	The owner of a partner · شركة تابعة · مالك شريك_شركة أم	2018-05-31	-

Linked to
Object	Role	Start date	End date
RAMAK DEVELOPMENT AND HUMANITARIAN PROJECTS LLC	The owner of a partner · شركة تابعة · مالك شريك_شركة أم	2018-05-31	-
Al-Ammar LLC	The owner of a partner · شركة تابعة · مالك شريك_شركة أم	2018-05-31	-

Sanctions
Authority	Program	Start date	End date
La Principauté de Monaco	-	-	-
TREAS-OFAC	Reciprocal	2020-06-17	-
Office of Foreign Assets Control	SDN List	-	-
Office of Financial Sanctions Implementation · UK	Syria	2020-12-31	-
Directorate‑General for Financial Stability, Financial Services and Capital Markets Union	SYR	2020-05-30	-
State Secretariat for Economic Affairs	Ordinance of 8 June 2012 on measures against Syria (SR 946.231.172.7), annex 7	2019-07-17	-
Direction Générale du Trésor	(UE) 2019/85 du 21/01/2019 (UE Syrie - R (UE) 36/2012 ) · (UE) 2020/716 du 28/05/2020 (UE Syrie - R (UE) 36/2012 )	-	-
Foreign, Commonwealth & Development Office · UK	The Syria (Sanctions) (EU Exit) Regulations 2019	2020-12-31	-
Federal Public Service Finance	SYR	2020-05-30	-

Data sources

US SAM Procurement Exclusions120,096

A database of suppliers who have been excluded from participating in US federal procurement.

United States · GSA

UK FCDO Sanctions List4,678

UK sanctions collated by the Foreign, Commonwealth & Development Office

United Kingdom · FCDO

EU Financial Sanctions Files (FSF)6,364

As part of the Common Foreign Security Policy the European Union publishes a sanctions list that is implemented by all member states.

European Union · DG FISMA

Swiss SECO Sanctions/Embargoes8,449

Switzerland manages a sanctions lists with a high degree of detail on the individuals that are subject to it's embargoes

Switzerland · SECO

Belgian Financial Sanctions6,603

Belgium extends the European FSF sanctions list on the basis of a national terrorist list, issued by the National Security Council

Belgium · FOD

French National Asset Freezing System5,117

The register lists all persons, entities and vessels subject to asset freezing measures in force on French territory, pursuant to national, European and international (UN) provisions.

France · DGT

US Trade Consolidated Screening List (CSL)20,986

The Consolidated Screening List (CSL) is a list of parties for which the United States Government maintains restrictions on certain exports, reexports, or transfers of items.

United States · ITA

Syrian Observatory of Political and Economic Networks1,079

A knowledge graph of persons of interest inside Syria, including detailed information on family relationships and business ties.

Obsalytics · non-official source

US OFAC Specially Designated Nationals (SDN) List33,150

The primary United States' sanctions list, specially designated nationals (SDN) part.

United States · OFAC

UK HMT/OFSI Consolidated List of Targets6,277

The United Kingom's consolidated international sanctions list.

United Kingdom · OFSI

Monaco National Fund Freezing List4,559

A list of entities subject to fund and economic resource freezing procedures

Monaco · Monaco

Source data IDs: opensyr-node-952 · usgsa-s4mrcw7h4 · gb-hmt-13764 · eu-fsf-eu-4964-26 · fr-ga-2318 · ch-seco-40130 · mc-freezes-57825a11ab12100ec2a833a23c872fbc44c4ab79 · gb-fcdo-syr0270 · ofac-29048 · NK-4FBbAZVtTH82jeyRK5kF9Y

For experts: raw data explorer

Factsheet Descriptions Data sources

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