content tagged with turkey wealth fund

Turkey’s Wealth Fund receives 1.25 billion euro loan

Turkey’s Wealth Fund receives 1.25 billion euro loan

According to a statement by the Wealth Fund, a syndicated loan of 1 billion euro used in March 2019 has been renewed, with four new banks joining the syndication.

President Erdoğan replaces general manager of Turkey Wealth Fund

President Erdoğan replaces general manager of Turkey Wealth Fund

New general manager Ermut is also a board member of Turkish Airlines.

Audit reports of Turkey Wealth Fund labeled as 'classified'

Audit reports of Turkey Wealth Fund labeled as 'classified'

The general director of the fund has said that it has 1 million Euro of debt with a capital of 33 billion dollars.

28 January 2021

Qatar officially becomes shareholder of Turkey's stock exchange

Qatar officially becomes shareholder of Turkey's stock exchange

The deal between the sovereign wealth funds of the two countries has been finalized.

1 December 2020

Former Finance Minister Albayrak resigns from Turkey Wealth Fund

Former Finance Minister Albayrak resigns from Turkey Wealth Fund

The president's son-in-law resigned as the minister of finance earlier this month.

28 November 2020

Turkey Wealth Fund acquires controlling stake in Turkcell GSM operator

Turkey Wealth Fund acquires controlling stake in Turkcell GSM operator

The TWF will be able to appoint five of the total nine directors of the firm's board via 15 percent privileged shares within its 26.2 percent shareholding.

Turkey's Wealth Fund Becomes a Shareholder of State-Owned VakıfBank

Turkey's Wealth Fund Becomes a Shareholder of State-Owned VakıfBank

The Fund has stated that the core capitals of three state-owned banks will be increased by 21 billion lira. With this increase, it will also become a shareholder of the Vakıfbank.