Profit Distribution Policy

The Board of Directors passes its resolutions relating to distribution of profit in the direction of Company’s financial state, period profit and strategic targets. No real person is entitled to receive privileged share from the Company’s distributable profit. Company’s profit distribution policy aims distribution of 20% or higher portion of distributable profit as determined in the Ordinary General Assembly meeting. In case the periodical distributable profit remains less than 20% of the Company’s paid-up capital, the Board may decide-in compliance with the applicable law- not to distribute any share from the profit.

It is aimed to pay the profit share in cash through the authorized banks and intermediary agencies within 60 days as of the Ordinary General Assembly meeting. Following this date, the Shareholders may apply to the Company’s Head Office in order to collect their profit share. Company does not consider distribution of profit share in advance. Company aims to give donations to all kinds of social institutions, primarily to those located in the Company’s territory, in such a manner not to exceed 1% of the profit base and in any case, to be subject to the approval of the General Assembly.