On August 24, 2026, the U.S. Department of the Treasury unveiled new economic sanctions against Iran-related actors, including Wellbred Capital Pte. Ltd. and affiliated entities, including Wellbred Trading FZCO (a.k.a. Wellbred Trading DMCC).
Wellbred Trading DMCC was previously a client. In March 2026, we wound down our relationship with Wellbred following a U.S. Department of Justice action against Wellbred. With today’s sanctions, Qorvis cannot respond to or route any media or other inquiries on behalf of Wellbred. Any journalists who would like to get in touch with Wellbred, or ask questions about the company or today’s sanctions, should contact Wellbred’s management directly.
We invite you to read our previous statements on this subject, from July 13 and August 11.
