Cham Holding (124)


The list below includes the names of all the individuals that have been blacklisted by the European Union since the beginning of the Syrian uprising in March 2011.


AbdulRahman Al-Attar, one of the most prominent business figures of the Assad era, both father and son, passed away last week at the age of 80.


Since it was established in 2016 to develop the Marota City development, Damascus Cham has established various joint ventures with private investors. Here is their list.


Damascus Cham Holding is establishing a new joint venture with private investors to develop several properties in Marota City, the controversial large real estate project in the Syrian capital.


Egyptian President AbdulFattah Al-Sisi inaugurated last week near Cairo a large textile plant by one of Syria’s most prominent industrialists, who looks set never to return to his home country.


The Syrian regime is planning to extend to all of Syria a law that enables the displacement of populations from informal housing areas under the pretext of building modern real estate development projects.


Updated on February 02, 2018 (see bottom for details on updates): A new Syrian investor has signed an agreement to invest in the Basatin Al-Razi real estate area near Damascus.


A Syrian businessman, little heard of until recently, has signed two contracts worth hundreds of millions of dollars to participate in the development of the controversial Basatin Al-Razi project.


Samer Foz has been granted the right to develop real estate properties worth hundreds of millions of dollars in the Basatin Al-Razi project in Damascus.


Rami Makhlouf established earlier this year yet another company to invest in the Syrian real estate sector.


The government has ordered a provisional custody on the assets of Imad Ghreiwati, one of Syria’s most prominent investors prior to 2011, a move that adds a layer of instability to investors planning to return to the country.


Several prominent Syrian businessmen, under pressure by the regime, have sold their assets to members of the new business elite, a reflection of how the war is changing the Syrian business landscape.


Cham Holding is expected to conclude a long-term agreement to develop a real estate project for the first time since the beginning of the uprising in 2011.


The Court of Justice of the European Union has rejected Rami Makhlouf’s legal action to cancel the sanctions imposed on him by the EU.


The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.


The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.


Cham Wings, a private airliner, Russian banking executives and Rami Makhlouf-owned companies are among 23 new entities and individuals blacklisted by the American administration.


The Damascus governorate is set to launch a new holding company to develop real estate projects in the capital.


Financial Services, Brokerage


Issam Anbouba, a prominent Syrian businessman, has seen his appeal to lift the sanctions imposed on him by the European Council rejected.


Oil and gas exploration, extraction, storage and distribution


Trading and manufacturing


A new Syrian private airliner will start flying a daily round trip from Damascus to Kuwait starting March 30.


Daman Cham, an investment bank and brokerage house, has announced the resignation of its general manager.


Kharafi National, a large engineering company, is withdrawing from the Syrian market, according to a local media outlet.


Accor Hotels has announced that it was putting on holds three projects in Syria because of the political situation in the country, following in the footsteps of other operators.


Accor Hotels, a French hospitality group, said that it still planned to open 3 hotels in Syria by 2015.


The Reserve Bank of Australia updated last week the list of Syrian individuals and entities it has put under sanctions.


Daman Cham, a brokerage firm operating in the Damascus Securities Exchange, has suspended its IPO and advisory services and announced the divestment of its UAE strategic shareholder.


In a widely expected move,  on Friday the European Union imposed a ban on all new investments in the Syrian oil industry, although existing operations will not have to be discontinued.


The four businessmen and three corporations sanctioned by the European Union last week form part of a growing list of business actors that are feeling the weight of the international pressure on Syria.


The European Union has banned all imports of Syrian oil and sanctioned a new list of businessmen and corporations as it appears increasingly intent on using economic sanctions as its primary tool for reducing the Syrian authorities' grip on power.


Gulfsands Petroleum, a UK-based oil company, has disclosed its ties to Rami Makhlouf, a prominent local businessman recently put under sanctions by the European Union.


The US government has added Mohammad Hamsho, one of the country’s most powerful businessmen, and his holding firm, Hamsho International Group, to a list of individuals and institutions against which it has imposed sanctions.


Yesterday Cham Holding, Syria’s largest corporation, elected an entirely new board of directors. However, the company did not elect a new chairman. The move comes only a few weeks after the company, along with its previous chairman, was put under sanctions by the United States.


The European Union has for the first time imposed an asset freeze on Syrian corporations, including two owned by Rami Makhlouf and another by Mohammad Hamsho.


One of Syria’s most powerful businessmen, Rami Makhlouf, said on Thursday June 16 that he was quitting the world of business to donate his time and money to charities - although it is unclear whether he will give up shares in any of the companies he owns.


Rami Makhlouf, one of Syria’s most prominent businessmen, has no plans to sell his stake in Syriatel or leave the country, according to statements reported in the local press.


Only a week after it announced it was stopping production at its Deir-ez-Zor plant, Vimpex, a paper trading and manufacturing concern owned by prominent businessman Nabil Kuzbari, said that it was resuming operations following a request from the workers at the plant.


Vimpex, a paper trading and manufacturing company owned by prominent businessman Nabil Kuzbari, has stopped production at its paper plant located in Deir-ez-Zor.


Souria Holding, one of the country’s largest holding companies, has elected a new Board of Directors that includes six new members.


The US Administration has announced that it was imposing sanctions on Syrian President Bashar Al-Assad and six other senior Government officials as well as on three of the country’s largest companies, Cham Holding, Bena Properties and Al-Mashrek Investment Fund.


The European Union has announced an asset freeze and travel ban on a number of Syrian personalities, including Rami Makhlouf, one of the country’s most prominent businessmen.


Set-up, manage, and operate commercial, service and tourism projects; trade and distribution of all kinds of materials


Nasser al-Kharafi, the Chairman of the Kuwaiti Kharafi Group that has large interests in Syria, died in Egypt on April 17 of a heart attack.


Set-up, manage, invest, develop commercial, service, tourism projects; companies representation; trade, import, export