An Iran-based technology company specializing in electronics; parent company of Rayan Roshd Afzar Company, a firm that appears on the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) for supporting the Islamic Revolutionary Guard Corps (IRGC) and that has procured U.S.-origin dual-use electronics from China, according to the U.S. Department of Justice.

Owns a majority of shares of Rayan Roshd Afzar Company and Fanavarihaye Hava Pishran Sazeh Sepehr Co LLC; reportedly owns Rayan Laser Test Company and Rayan Pardazesh Pezhvak Company.

Members of the board of directors include Mohsen Parsajam (chairman), Farshad Hakemzadeh (deputy chairman), and Seyyed Reza Ghasemi.

Established in 2009.

Sanctions

Added on May 31, 2024, 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 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; also subject to the Iranian Financial Sanctions Regulations, which restricts the use of the U.S. financial system for transactions involving Iranian entities.

Foreign parties facilitating transactions for the entity or otherwise assisting the entity may be subject to U.S. sanctions; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States; subject to heightened export license requirements (with a presumption of denial) due to involvement in activities related to WMD proliferation.