December 04, 2018

From Damascus to Beirut

Syrian government insiders’ commercial operations extend from Syria to neighboring Lebanon. One such crony, Samer Foz, holds a stake in Magagroup SARL, a Beirut-based PR and advertising firm that operates a monthly banking and investment magazine.

Foz has risen in prominence due to his close ties to Syrian President Bashar al-Assad’s inner circle and the fortune he amassed in the war-torn country. Foz’s Magagroup SARL is majority owned by Nahla al-Namli, who serves as the chairperson of the state-owned Syrian Lebanese Commercial Bank (SLCB), which is subject to US sanctions.

Kharon research

Log in for access to the latest updates and analysis on networks targeted by sanctions and sanctions-related risk. Don’t have an account? Click REQUEST AN ACCOUNT to receive information on how to get signed up.

Request an account or Log in