According to a U.N. report, serves as a front company for the Islamic Revolutionary Guard Corps (IRGC); involved in Iran's illicit transfer of arms to West Africa.

Shipped 240 tons of munitions, including rockets, mortar shells, grenades, and rounds of ammunition, to Nigeria in 2010 aboard the MV Everest; the shipment, which was intended for Gambia but seized in Nigeria, also involved Ali Akbar Tabatabaei, Azim Aghajani, Esmail Ghani, and Ali Abbas Usman Jega.

Was discovered by Israel to have been attempting to ship ammunition to Syria in 2009 aboard the MV Francop, which was intercepted by the Israeli Navy.

Reportedly sells molybdenum, iron alloys, copper, and other metals.

Established in 1997.

Sanctions

Designated by the U.N. Security Council on April 18, 2012, pursuant to resolution 1737 (2006), as an entity involved in or supporting Iran's proliferation-sensitive nuclear activities or development of nuclear weapon delivery systems; with some exceptions, the designation requires states to freeze assets that are owned or controlled by the entity, directly or indirectly, and to ensure that assets are not made available to the entity.

Previously removed from the U.N. list on October 18, 2023, following the expiration of targeted sanctions on Iran; returned to the U.N. list on September 28, 2025, as part of the reimposition of sanctions on Iran.

Listed by the European Union on December 2, 2011, as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; with some exceptions, E.U. member states must freeze assets owned or controlled by the entity, directly or indirectly, and prevent assets from being made available to it.

Added on March 27, 2012, 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 13224, which targets terrorists and those providing support to terrorists or acts of terrorism; also subject to the Iranian Financial Sanctions Regulations, which restrict 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 U.S. export license requirements (with a presumption of denial) due to involvement in activities related to terrorism.

Sanctioned by the governments of Australia, Canada, Japan, and the United Kingdom, restricting business and financial transactions with the entity and/or freezing its assets in those countries.

Listed by the Japanese government in 2025 as an entity of concern for proliferation relating to missiles and nuclear weapons.