Damascus Cham Holding

Type of entity: public-owned company under private law. Business sector: real estate development (manages the implementation of the Marota City project). Name of Director/Management: Adel Anwar al-Olabi, Chairman of the Board of Directors and Governor of Damascus (designated by the Council of the EU); Ultimate beneficial owner: Governorate of Damascus.

Business sector: real estate development

Relatives/business associates/entities or partners/links: Rami Makhlouf (designated by the Council); Samer Foz (designated by the Council); Mazen Tarazi (designated by the Council); Talas Group, owned by businessman Anas Talas (designated by the Council); Khaled al-Zubaidi (designated by the Council).

Name of Director/Management: Adel Anwar al-Olabi, Chairman of the Board of Directors and Governor of Damascus (designated by the Council)

Damascus Cham Holding Company was established by the former al-Assad regime as the investment arm of the Governorate of Damascus in order to manage the properties of the Governorate of Damascus and implement the Marota City project, a luxurious real estate project based on expropriated land under Decree No 66 and Law No 10 in particular. By managing the implementation of Marota City, Damascus Cham Holding (whose Chairman is the Governor of Damascus) supports and benefits from the former al-Assad regime and provides benefits to businesspeople with close ties to the former al-Assad regime who have struck lucrative deals with this entity through public-private partnerships.

Ultimate beneficial owner: Governorate of Damascus

Type of entity: public-owned company under private law. Business sector: real estate development (manages the implementation of the Marota City project). Name of Director/Management: Adel Anwar al-Olabi, Chairman of the Board of Directors and Governor of Damascus (designated by the Council of the EU); Ultimate beneficial owner: Governorate of Damascus.

Secteur d’activité: promotion immobilière - Nom du directeur/direction: Adel Anwar al-Olabi, président du conseil d’administration et gouverneur de Damas (désigné par le Conseil) - Bénéficiaire effectif ultime: gouvernorat de Damas - Parents/associés/entités ou partenaires d’affaires/liens: Rami Makhlouf (désigné par le Conseil); Samer Foz (désigné par le Conseil); Mazen Tarazi (désigné par le Conseil); Talas Group, propriété de l’homme d’affaires Anas Talas (désigné par le Conseil); Khaled Al-Zubaidi (désigné par le Conseil) - Damascus Cham Holding Company a été créée par l’ancien régime d’al-Assad comme l’émanation du gouvernorat de Damas pour les investissements, chargée de gérer les biens du gouvernorat de Damas et de réaliser le projet Marota City, un projet immobilier de luxe fondé sur des terrains expropriés en vertu du décret no 66 et de la loi no 10 en particulier. En gérant la réalisation du projet Marota City, Damascus Cham Holding (dont le président est le gouverneur de Damas) soutient l’ancien régime d’al-Assad et en tire profit et apporte des avantages à des hommes ou femmes d’affaires ayant des liens étroits avec l’ancien régime d’al-Assad qui ont conclu des accords lucratifs avec cette entité dans le cadre de partenariats public-privé.

Disqualified

Public-owned company under private law. Names of Director(s)/Management: Adel Anwar AL-OLABI, Chairman of the board of Directors and governor of Damascus. Ultimate beneficial owner(s): Governorate of Damascus. Relatives/business associates/entities or partners/links Mazen Tarazi (EU-designated); businessman Anas Talas (EU-designated); Khaled Al-Zubaidi and Nader Qalei (both EU-designated) Talas Group. The Director Disqualification Sanction was imposed on 09/04/2025.

Public-owned company under private law.Names of Director(s)/Management: Adel Anwar AL-OLABI, Chairman of the board of Directors and governor of Damascus. Ultimate beneficial owner(s): Governorate of Damascus. Relatives/business associates/entities or partners/links Mazen Tarazi (EU-designated); businessman Anas Talas (EU-designated); Khaled Al-Zubaidi and Nader Qalei (both EU-designated) Talas Group, owned by

Type d’entité: entreprise publique de droit privé Secteur d’activité: promotion immobilière Nom du directeur/direction: Adel Anwar al-Olabi, président du conseil d’administration et gouverneur de Damas (désigné par le Conseil) Bénéficiaire effectif ultime: gouvernorat de Damas Parents/associés/entités ou partenaires d’affaires/liens: Rami Makhlouf (désigné par le Conseil); Samer Foz (désigné par le Conseil); Mazen Tarazi (désigné par le Conseil); Talas Group, propriété de l’homme d’affaires Anas Talas (désigné par le Conseil); Khaled Al-Zubaidi (désigné par le Conseil)

Damascus Cham Holding Company is a private joint-stock company set up by the Governorate of Damascus to implement Project 66 in the Basateen area behind Al-Razi (Marota City). Established in 2016 with 60 billion Syrian pounds in capital, the company undertakes commercial business and investment projects in the various sectors. One or more companies have been established to manage other subsidiaries or shareholding companies, arrange for development licenses and monitor implementation, as well as granting housing permits, and matching the divisions and sections for the governorate it sponsors. The company specializes in implementing infrastructure projects, managing electronic systems, undertaking the tasks of regulatory regional funds, and following up on loan repayments and collecting installments, either directly or through banks operating in Syria. Marota City is one of its projects. It is a founding partner in Aman Dimashq in Syria, and owns 9,277,558 of its shares, or 49% of the company, valued at $9,277,558. It is also a founding partner of Wings Private JSC, with 8,705,732 shares (49% of the company) valued at $8,705,732. It is also a founding partner of the Rawafed Damascus Private JSC in Syria, and owns 126,932,050 shares (49%) of the company at a value 126,932,050,500 Syrian pounds. Damascus Cham Holding is under US and EU sanctions.

مجموعة "دمشق شام القابضة"، شركة مساهمة خاصة مغفلة أطلقتها محافظة دمشق بهدف تنفيذ مشروع تنظيم 66 في منطقة بساتين خلف الرازي ماروتا سيتي. رأسمال قدره 60 مليار ليرة سورية، الجمهورية العربية السورية. تقوم الشركة بمشاريع تجارية واقتصادية واستثمارية في مختلف القطاعات المسموح بها، بالإضافة إلى تأسيس شركة أو أكثر لإدارة شركات أخرى تابعة أو مساهمة بها، وإجراء تراخيص البناء ومراقبة تنفيذها، كما تعمل على منح إجازات السكن، ومطابقة إفراز المقاسم والأقسام المنفذة لصالح المحافظة وتحت رعايتها.‏‏‏ وتختص الشركة في تنفيذ البنى التحتية، وإدارة النظم الإلكترونية، وتتولى مهام صناديق المناطق التنظيمية المحدثة، ومتابعة سداد القروض وتحصيل أقساطها مباشرة أو عبر المصارف العاملة في سورية. من مشاريعها ماروتا سيتي. شريك مؤسس في شركة أمان دمشق بالجمهورية العربية السورية، وتمتلك 9,277,558 سهم في الشركة بنسبة 49%، قيمتها 9,277,558 دولار أميركي. شريك مؤسس في شركة المطورون المساهمة المغفلة الخاصة، وتمتلك 8.705.732 سهم بقيمة 8.705.732 دولار أمريكي بنسبة 49%. شريكة مؤسسة في شركة روافد دمشق المساهمة المغفلة الخاصة، بالجمهورية العربية السورية، ويمتلك 126,932,050حصة في الشركة، بنسبة 49%، قيمتها 500 ,126,932,050 ليرة سورية. مدرجة في قوائم العقوبات الأمريكية. مدرجة في قوائم العقوبات الأوروبية شملتها العقوبات البريطانية في 17/02/2020

(also DAMASCUS CHAM PRIVATE JOINT STOCK COMPANY, DAMASCUS CHAM HOLDING PRIVATE JSC)

(also DAMASCUS CHAM HOLDING COMPANY)

(also DAMASCUS CHAM HOLDING COMPANY)