Our companies distribute dividends within the framework of the Turkish Commercial Code, Tax Law, and the article of our Articles of Association regarding profit distribution.
In line with Corporate Governance Principles, our fundamental principle is to pursue a balanced and consistent policy between the interests of shareholders and the company in dividend distribution.
“In accordance with legal regulations, the article of our Articles of Association regarding dividend distribution, and as long as financial conditions permit, it has been adopted as a principle to distribute at least 5% of the calculated distributable profit for the period in cash to shareholders, taking into account market expectations, our long-term corporate strategy and capital requirements, investment and financing decisions, profitability, and cash position.”
Within the framework of Article 15 of our Articles of Association, no dividend may be distributed unless the first legal reserve, financial obligations, and the reserves required to be set aside according to the Turkish Commercial Code are deducted from the pre-tax profit.
Based on the decision to be taken at the Ordinary General Assembly meeting, it has been adopted as a principle that the dividend distribution be carried out within one month at the latest following the meeting.