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content tagged with
turkey wealth fund
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.
25 March 2021
President Erdoğan replaces general manager of Turkey Wealth Fund
New general manager Ermut is also a board member of Turkish Airlines.
9 March 2021
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
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
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
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.
18 June 2020
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.
12 May 2020
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