Displaying items by tag: US Department of the Treasury

Sudan/US: The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has removed Atbara Cement from a blacklist of Sudanese firms and individuals subjected to economic sanctions. OFAC posted a notice to its website on 9 March 2016 deleting the cement producer from its Sudan Designation Nationals list.

Atbara Cement was added to OFAC's Sudan list in 1999 when it was owned by the Sudanese government. In late 2002 the factory was privatized and sold to the African Development and Investment company based in Dubai and owned by three Arab businessmen: Sheikh Suleiman Bin Abdul Aziz Al-Rajhi, Sheikh Saleh Kamel and Sheikh Ibrahim Mandarin. In 2003 Al-Rajhi become the sole owner of the company, according to the Sudan Tribune.