Risk Level:
unknown %

Status:
Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Info:
Shamara Holding Group (SHG) is one of the oldest and largest conglomerates in the Middle East with a history dating back to 1930. Over the course of time, SHG has evolved into a highly diversified group and has developed a set of leading companies in predominantly the Oil & Gas, Power, Water, and Infrastructural sectors;

Iran’s Mapna Group has signed a $2.5 billion contract with the Iraqi Shamara Holding Group to provide technical and engineering services for the construction of a 3,000-megawatt power plant in Basra in southern Iraq;

Ali Fadhel Hussein Shamara is a powerful Iraqi magnate who controls Shamara Holding Group, a Jordanian offshore company with offices in Amman, Baghdad, and Dubai. It operates multiple engineering companies in Iraq. It also has five companies operating in the Iraqi energy sector: International Free Company (IFC), AEPL-OASIS Limited, Ramz Al Hadara Company, Hydro-Carbon Company, and IFFCO – SHAMARA LIMITED (ISL);

Shamara has collaborated with Iranian entities, hiring Iran’s MAPNA on numerous projects. In 2018, a consulting report commissioned by General Electric advised against working with Shamara in light of his corrupt dealings. Although Shamara Holding Group is apparently not directly connected to Afaq, Ali Shamara is a close associate of Maliki and known to be involved in his economic activity;

Industry:
Oil & Gas Industry
Power Industry

Also Known As:
SHG
Shamara Holding

Country:
Jordan

Address:
1 Queen Noor Street Shmeisani P.O Box 925769 Amman 11190 Jordan
40 Abu Nawas Street Baghdad Iraq
2102 Business Central Tower A Dubai Internet City Dubai UAE

Phone:
+962 6 569 2976

Website:
www.shamaraholding.com

E-mail:
info@shamaraholding.com

Reason for the color:
» Iran’s Assets in Iraq’s Oil and Shipping Industry: State Oil Marketing Organization (SOMO) and AFAQ, a Private Iraqi Cartel;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.