Shen Holding is a domestic producer and represents the Republic of Armenia both locally and abroad.
We select our partners and suppliers most seriously, valuing above all corporate philosophy, and it is our firm belief that any commodity we manufacture and import or any service we provide must be in strict compliance with international standards for business procedures and production.

Financial partners


European Bank for Reconstruction and Development (EBRD)

The partnership between EBRD and Shen Holding cjsc was set in 2002 in frames of financing concrete blocks and paving tiles production.


International Finance Corporation (IFC)

In 2012, IFC financial structure selected Shen Holding cjsc as the most appropriate company for productive investments in the region. Assessing dynamic growth trends of Shen Holding, a complete package of corporate governance was suggested, which led to a strong long lasting partnership between these two structures.


Ameriabank CJSC


HSBC Bank Armenia CJSC

Business advisory partners


EV Consulting

EV Consulting and Shen Holding cjsc cooperate in the framework of consultancy in fields of strategic planning, investments, marketing, organizational structure, business plans development aimed at increasing the business effectiveness.