Dividend Policy

Dividend Policy

Hacı Ömer Sabancı Holding A.Ş.'s Dividend Policy is to  distribute dividend up to 20%, but not less than  5% of the distributable profit of the year calculated in accordance with the provisions of the  Turkish Commercial Code, Capital Markets Legislation and the provisions of  our Articles of Association, in cash and/or in the form of shares. Application of this policy is  determined by the General Assembly in line with Hacı Ömer Sabancı Holding  A.Ş.'s medium and long-term strategies, national and global economic  conditions.

Dividends will be distributed equally to all  shareholders, regardless of their date of issuance and acquisition with in  the legal period following the approval of the General Assembly on the date  determined by the General Assembly. Hacı Ömer Sabancı Holding A.Ş. does not  apply advanced dividend distribution policy.

General Assembly can transfer a portion or all of  the net profit to the extraordinary reserves. If Board of Hacı Ömer Sabancı  Holding A.Ş. offers the General Assembly not to distribute dividend, the  reason for not distributing dividends and information about the usage of  undistributed profit needs to be presented to the shareholders at the General  Assembly Meeting.