Hamsho donations revive questions about the fate of Assad's cronies

The donations were not random acts of goodwill, but part of a calculated campaign to rehabilitate the Hamsho name, using wealth built on Syrians' suffering to buy legitimacy

Hamsho donations revive questions about the fate of Assad's cronies

A wave of high-profile fundraising campaigns has swept across Syria in recent weeks, promoted as a sign of self-reliance and national solidarity. Yet some pledges have provoked anger rather than applause—an outcome the organisers likely did not anticipate. The backlash, however, was hardly surprising, given that the contributions came from the family of Assad crony Mohammed Hamsho—one of the regime’s most recognisable figures.

Hamsho’s sons were anything but discreet. They appeared in person at the high-profile launch of the Syrian Development Fund—an event attended by President Ahmed al-Sharaa and senior officials, where they publicly announced their pledge. The $2.1mn donation—made at that event and another just two weeks later—was quickly condemned as a brazen attempt to launder the family’s reputation, long tarnished by war profiteering and by serving as financial proxies for Maher al-Assad.

The uproar has reignited questions about how the transitional authorities are dealing with figures tied to the former regime, and whether backroom deals are being struck out of public view. The government’s silence over why the Hamsho family was granted such visibility has only fuelled suspicion. This lack of transparency does more than erode public trust; it risks undermining the very message the authorities are trying to project: that Syria’s transition marks a decisive break from the shadows of its past.

The controversy erupted with the launch of the Syrian Development Fund in Damascus on 4 September, which raised more than $61mn in just one hour.

But Hamsho’s sons stole the spotlight, triggering an initial outcry. Activists from neighbourhoods flattened by Assad’s forces recalled how Hamsho-linked companies allegedly scavenged steel from destroyed homes. Others pointed to US and EU sanctions that long branded Hamsho as a key financier of al-Assad’s repression, warning that rehabilitating such figures could poison Syria’s fragile economic recovery before it begins.

Hamsho's sons appeared announced their pledge in person at a high-profile event attended by President Ahmed al-Sharaa and senior officials

Adding fuel to the fire

Just as public anger began to subside, a second blow landed. On 20 September, the family-owned Yafour Resort announced another $1.1mn donation at a fundraiser titled 'Our Countryside Deserves Better' (reefna bistahel). This confirmed what many already suspected: the donations were not random acts of goodwill, but part of a calculated campaign to rehabilitate the Hamsho name, using wealth built on Syrians' suffering to buy legitimacy.

The depth of Hamsho's entanglement with al-Assad cannot be overstated. His business empire—spanning steel, construction, media, and electronics—thrived because of his close ties to Maher al-Assad. For years, Hamsho served not just as a loyal crony but as one of Maher's most trusted financial fronts.

The uproar has reignited debate over the transitional government's opaque handling of Assad-era cronies. The donations have deepened suspicions already stirred by reports of secretive economic deals behind closed doors.

A Reuters investigation in July alleged that a powerful, clandestine committee—led by figures close to President al-Sharaa, including his brother Hazem—has been quietly reclaiming and restructuring assets tied to al-Assad and his cronies. The process, the report claimed, often involved granting immunity to regime-linked businessmen in exchange for the bulk of their holdings.

Among those named was Mohammad Hamsho himself. According to the report, he surrendered roughly 80% of his commercial empire, valued at over $640mn, while retaining around $150mn. His family members were allowed to maintain control of their companies.

The Reuters story painted a troubling picture: post-war Syria's economic restructuring unfolding entirely out of public view, shaped by a handful of insiders, and lacking even a veneer of accountability.

Transitional officials have denied making any such deals. A Newlines report cited government sources who dismissed the Reuters claims as unfounded, insisting that Syria's transition is being conducted according to principles of fairness and the rule of law—not through backroom bargains.

The Hamsho episode brings back a pivotal question that Damascus continues to try to sidestep: how will it address those who enriched themselves through war?

Speculation firestorm

By refusing to explain why the Hamsho family was allowed access to such a prominent platform, the authorities have created a speculation firestorm. That silence threatens to corrode public trust and cast doubt on whether Syria's transition marks a true break from the past—or risks leaving the country hostage to it through covert deals with entrenched elites.

The government still has an opportunity to course-correct, but it must act decisively. Transparency is essential. This means publicly acknowledging whether deals exist with regime-linked figures, clarifying their terms, and subjecting them to independent oversight to ensure accountability.

The Hamsho episode has brought back into the open a pivotal question the government continues to avoid answering: how will it address those who enriched themselves through war and repression? The answer will shape whether the transition is celebrated as genuine reform or undermined by lingering impunity.

The stakes extend far beyond a single family. Mishandled, this issue could erode public trust, alienate international investors, and sabotage economic recovery. Handled openly, it could signal that Syria's new leaders are ready to confront painful truths and govern by the rule of law rather than backroom deals.

The transitional government cannot dodge this test. To succeed, it must confront it out in the open—not in the shadows.

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