Info:
The shomal cement company (public joint stock company) was founded in September 21, 1954 and with the registration number 4492 was registered in the Company Registration Office and Industrial Property of Tehran and was accepted in the Tehran Stock Exchange in March 1968;
Controlled by Bank Melli Iran – Has also been owned or controlled by Cement Investment and Development Company (CIDCO), which was created to manage the cement interests of Bank Melli Iran Investment Company(BMIIC);
As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13224, which targets terrorists and those providing support to terrorists or acts of terrorism; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions; also subject to the Iranian Financial Sanctions Regulations; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States;
Also Known As:
Siman Shomal
Shemal Cement Company
Shomal Cement Co.
Involved In:
Military Weapon Program
Country:
Iran
Address:
– Dr Beheshti Ave., No 289, Tehran 151446, Iran
– 289 Shahid Baheshti Ave., Tehran, Iran
– P.O. Box 15146, Tehran, Iran
– No 269 Dr Beheshti Ave. P.O. Box 15875/4571 Tehran – 15146, Iran
Phone:
+9821-88731106-7, +98221-2493223-9, +98(21)8731106
Website:
www.shomalcement.com
E-Mail:
info@shomalcement.com
Shareholders:
(According to their official website)
Cement Industries Investment and Development Company (Public Joint Stock Company)
Maskan Investment Company (Public Joint Stock Company)
Mehraindange Financial Development Group
Iran Insurance Joint Stock Company
Mr. Fariborz Moghimi
National Investment Company of Iran (Public Joint Stock Company)
Investment and Management Company of the State Pension Fund
Person of interests:
Mr. Gholamreza Masnavi – Vice Chairman of the Board
Mr. Heydar Alexandrpour – Chairman of the Board
Mr. Ali Akbar Safarian Nodehi – Manager and Management Committee Member
Mr. Abbas Talebi – Member of the Board of Directors
Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on November 05, 2018 pursuant to E.O. 13224 for being owned or controlled by Bank Melli or one of Bank Melli’s subsidiaries;
» Listed by the European Union on July 26, 2010 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems;
» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on March 3, 2009, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;