Sabancı Holding

Hacı Ömer Sabancı Holding A.Ş., commonly abbreviated as Sabancı Holding, is an industrial and financial conglomerate with headquarters in Istanbul, Turkey.[4] The company's primary activities are in financial services, energy (electricity generation and distribution), cement, retail and industrial sectors.[5] The founding Sabancı family continues to hold a majority stake.[6] Sabanci Holding was first listed on the Istanbul Stock Exchange (BIST) in 1997.[7]

Hacı Ömer Sabancı Holding A.Ş.
TypeAnonim Şirket
BİST: SAHOL
IndustryConglomerate
Founded1967 (1967)
Headquarters
Istanbul, Turkey
Area served
Worldwide
Key people
ProductsFinance, energy, cement, retail, insurance, industry
RevenueIncrease ₺ 152 billion (2021)[2]
Increase ₺ 12 billion (2021)[2]
Subsidiaries
List
  • Akbank
    Enerjisa
    Akçansa
    Çimsa
    Teknosa
    Carrefoursa
    Aksigorta
    AgeSA
    Kordsa
    Brisa
    Temsa
    SabancıDX
    Tursa
[3]
Websitewww.sabanci.com

Operations

Sabancı Group companies operate in 13 countries and market their products in Europe, the Middle East, Asia, North America and South America. The company operates through banking, industry, retail, cement and other segments, and offers corporate and investment, private, commercial, SME, retail, and international banking services, as well as payment systems, treasury transactions, insurance brokerage services, asset management services, and financial leasing services.[4] Sabancı Holding’s multinational business partners include global companies such as Ageas, Bridgestone, Carrefour, E.ON, HeidelbergCement, Marubeni and Komatsu.[7]

In 2021, Sabancı Group posted combined sales revenue of revenue of TL 152 billion and consolidated net income of TL 12 billion.[8] The Sabancı Family is collectively Sabancı Holding’s majority shareholder, while 49.11% of the Holding’s shares are publicly traded. Sabancı Holding’s own shares as well as the shares of its listed 11 subsidiaries constitute 6% of the total market capitalization of the Turkish equity market as of the end of 2021.[9]

Güler Sabancı, a third-generation member of the Sabancı family, chairs the board of directors. She was appointed after the death of her uncle Sakıp Sabancı, leader of the company since its founding in 1967, in 2004. Erol Sabancı is vice chairman. Other members of the board of directors are Saime Gonca Artunkal (on behalf of Sakıp Sabancı Holding A.Ş.), Serra Sabancı, Suzan Sabancı Dinçer, Ahmet Erdem, Hayri Çulhacı, Mehmet Kahya and Cenk Alper, the company’s CEO.[10]

Industrials
  • Kordsa
  • Brisa (joint venture with Bridgestone)
  • Temsa Motorlu Araçlar (joint venture with Komatsu)
  • Temsa Ulaşım Araçları (joint venture with PPF Group)

Banking
  • Akbank

Retail

Financial Services
  • Agesa (joint venture with Ageas)
  • Aksigorta (joint venture with Ageas)

Energy
  • Enerjisa (joint venture with E.ON)
  • Enerjisa Üretim (joint venture with E.ON): Enerjisa Üretim owns the lignite-fired Tufanbeyli power station.

Building Materials

Others
  • SabancıDX
  • Tursa: owns and operates 3 Hilton branded hotels in Adana, Ankara and Mersin

Headquarters
Sabanci Group towers, 4. Levent, Istanbul, Turkey

Sabanci Holding relocated its headquarters from Adana to Istanbul in 1974, in the Sabanci Group towers — a twin skyscraper complex in Levent.

References
  1. "Key People". Sabancı Holding A.Ş. Archived from the original on 2013-04-18. Retrieved 2012-06-24.
  2. "2020 Investor Presentation, Sabanci Holding" (PDF).
  3. "Group Companies". Sabancı Holding A.Ş. Retrieved 2012-06-16.
  4. "Haci Ömer Sabanci Holding A.S." Yahoo! Finance. Retrieved April 5, 2021.
  5. "Haci Omer Sabanci Holding AS". Bloomberg. Retrieved April 5, 2021.
  6. "In Pictures: The 40 Richest Turks". Forbes. April 13, 2007. Retrieved April 5, 2021.
  7. "Haci Omer Sabanci Holdings A.S. History". Funding Universe. Retrieved April 5, 2021.
  8. "Haci Omer Sabanci Holding AS". Reuters. Retrieved April 5, 2021.
  9. "What is Sabancı Holding? A Brief History".
  10. "Sabancı Holding Board of Directors".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.