Tidewater_Middle_East_Co.
Tidewater Middle East Co.
Iran port operator
Tidewater Middle East Co. (Persian: شرکت تایدواتر خاورمیانه, Shirkat-e Taidvater Xavârmiyanh) is a major port operator in Iran. In June 2011, the U.S. Department of Treasury sanctioned Tidewater for its alleged ownership by the Islamic Revolutionary Guard Corps (IRGC), which it says has used Tidewater for illicit weapons shipments. [2]
In 2016 Mehr Eghtesad bank that is connected to IRGC sold its stake in tidewater to Kosar bank. Finally, in 2018 Kosar bank also sold its share in Tidewater to private sector and the connection of the company with financial firms of Armed forces broke up.