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Algeria Sanctions List: SIDAR COMPANY Linked to Hamas, Faces Financial Restrictions

The Algerian government has added SIDAR COMPANY, a construction and real estate firm, to its sanctions list due to its alleged links to the Palestinian militant group Hamas. This move is part of efforts to combat terrorism financing and money laundering.

Designation Under Executive Order 13224

According to officials, SIDAR COMPANY was designated under section 1(b) of Executive Order 13224, as amended by Executive Order 13886, which targets entities that provide support to terrorist organizations. The company’s website lists its headquarters at www.sidar-dz.com/en.

Company Activities

The firm is involved in the construction of buildings and real estate activities with own or leased property. Its various addresses include locations in Algiers, Dely Ibrahim, and El Hachiniia.

Designation Following International Scrutiny Pattern

The designation follows a pattern of increased scrutiny on entities linked to Hamas by international authorities. The US Treasury Department’s Office of Foreign Assets Control (OFAC) has also listed SIDAR COMPANY under its Specially Designated Nationals (SDN) list.

Company Aliases and Addresses

SIDAR COMPANY is known by several aliases, including:

  • SIDAR INTERNATIONAL HOLDING COMPANY WLL
  • SARL SIDAR
  • EDDAR INTERNATIONAL COMPANY

The firm’s various addresses include:

  • 141 Coup Imobiliere el bina lot N 141, Algiers
  • Lotissement 108 Lot N50 Commune, El Hachiniia
  • 141 Cooperative Immobilere De Construction Lot N141, Dely Ibrahim
  • 141 Hai El Bina, Dely Ibrahim

Implications and Investigations

The sanctions restrict the firm’s ability to access international financial systems and may have implications for its business dealings. The move is seen as a significant step in Algeria’s efforts to combat terrorist financing and money laundering.

In related news, SIDAR COMPANY has been linked to several other entities under investigation by authorities. The company’s activities are being closely monitored, and further designations may be forthcoming.