Listed by the European Union on May 23, 2011 as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; with some exceptions, European Union member states must freeze all funds and economic resources owned, held or controlled by the listed entity, and prevent funds or economic resources from being made available to it; according to the European Union, procured goods and equipment for the Kalaye Electric Company (KEC) that were destined for Iran's nuclear and ballistic missile programs; supplies stainless steel pipes, sheets, fittings and valves, as well as pumps, heat exchangers and other equipment; reportedly has an office in Dubai; reportedly established in 1995.