Dividend Distribution Policy
- Shareholder Structure
-
Policies
- Disclosure Policy
- Dividend Distribution Policy
- Hedging Policy
- Remuneration Policy
- Share Buyback Policy
- People and Organizational Policy
- Stakeholders Policy
- Compensation Policy
- Policy on Female Members of the Board of Directors
- Donations and Aids Policy
- Articles of Association and Trade Registry Information
- Responsible Communications Policy
- General Assembly Meetings
- General Assembly Participation and Minutes
- Corporate Governance Compliance Report
- Internal Directive on the Working Principles and Procedures of the General Meeting of Shareholders
- Board of Directors
- Committee Principles & Members
- Code of Ethics and Standards of Professional Conduct
- Corporate Governance Compliance Rating Report
Dividend Distribution Policy
Our company undertakes profit distribution in accordance with the provisions of the Turkish
Commercial Code, Capital Markets Legislation, Tax Legislation, and other applicable regulations, as well as the relevant clauses of our Articles of Association governing dividend allocation.
The profit distribution policy and the Board of Directors’ annual dividend proposal, incorporating the principles set forth in the Capital Markets Board’s Corporate Governance Guidelines, are disclosed in
the annual report.
Pursuant to the profit distribution policy, the Board of Directors determines the proposed dividend allocation each year and submits it for the approval of the General Assembly. Upon ratification by the General Assembly, the distribution of dividends must commence within a maximum of one month.
Our company’s profit distribution policy is structured in compliance with the Capital Markets
Legislation and the provisions of our Articles of Association, taking into account operational
performance, investment strategy, liquidity requirements, financial stability, and prevailing market dynamics. This policy is subject to annual review by the Board of Directors, considering potential macroeconomic adversities, the financial standing of the company, and ongoing strategic initiatives. Subject to applicable legal provisions, our company, as a general principle, endeavors to distribute in cash to shareholders 25% of the distributable net profit for the fiscal period, calculated in accordance with the Tax Procedure Law.
In alignment with the profit distribution framework, dividends are allocated pro rata across all
outstanding shares for the relevant financial period, without any preferential treatment.
The Board of Directors, within the scope of its authority granted by the General Assembly and in compliance with Capital Markets Legislation, may resolve to distribute interim dividends.