The Iran Marine Industrial Company, also known as SADRA, was founded in 1968 as a small ship repair yard in Bushehr. Since then, SADRA has established itself as the leading shipbuilding and ship repairing company in Iran.[1] SADRA is also active in offshore oil & gas development.[2] SADRA specializes in building ships, docks, and floating oil rigs.[3] Sadra Group is a sister company of Iran's state-owned Iran Shipbuilding and Offshores Industries Complex Co. (ISOICO).[4] As of April 2009, the IRGC-controlled construction conglomerate, Khatam al-Anbia owns a controlling stake in SADRA.[5]