Also Known As:
Sima General Trading & Industrials for Building Material Co FZE
Sima General Trading Company
Office No. 703, Office Tower, Twin Tower, Baniyas Rd., Deira, P.O. Box 49754, Dubai, United Arab Emirates
A Dubai-based trading company; part of a network of front companies and individuals acting on behalf of the Government of Iran to circumvent international sanctions; reportedly engaged in petrochemical exports.
Acted on behalf of various Iranian government entities and conspired with Greek businessman Dimitris Cambis to help Iran evade sanctions; acted as a financier for a front company owned by Cambis in order to facilitate the purchase of oil tankers; the tankers were purchased on behalf of National Iranian Tanker Company (NITC).
Reportedly involved in obtaining and transferring U.S. currency to Iran.
Seyed Nasser Mohammad Seyyedi has served as managing director; Seyyedi controls several other front companies operating in the United Arab Emirates (UAE), including KASB International LLC, Petro Royal FZE, and AA Energy FZCO, that he has used to assist Naftiran Intertrade Company (NICO) and NICO front companies.
As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 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 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.
Previously added to the SDN list on March 14, 2013, pursuant to Executive Order 13599; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties.
Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement, but removed in 2017 after the U.K. withdrew its Iran list.