TechnoTar Engineering Company PLC engages in the design and production of refueling equipment in Iran and the Middle East.
OFAC designated Technotar Engineering Company pursuant to E.O. 13224 for being owned or controlled by Mehr Eqtesad Iranian Investment Company.
Mehr-e Eqtesad-e Iranian Investment Company is owned or controlled by Mehr Bank entity owned by The Basij Resistance Force.
Shareholders of Technotar Engineering:
Investment Company of Mehr Iran Economics (Private Joint Stock) – 53.03%
Economic complex of Imam Khomeini Relief Committee – 5.88%
Negin Beach Royal (private equity company) – 3.67%
Other shareholders – 37.42%
Source » tecnotar.com