Nurol Holding

Nurol Holding is an industrial conglomerate in Turkey operating in the construction, defence manufacturing, energy, investment banking and tourism industries. Its core business is construction; Nurol Construction was founded in 1966.^[2][3] It is privately owned, with equal shares held by three members of the Çarmıklı family.^[4] The Holding was established in 1989.^[5]

Nurol Holding A.Ş.

Company type	Anonim Şirket
Founded	Turkey (1989)
Key people	Ugur Dogan (CEO)
Revenue	$1.6 billion (2023)[1]
Total assets	$5 billion (2023)
Number of employees	9.495 (2023)
Website	Nurol Holding website

The company's 35th anniversary celebration in 2001 was attended by former Prime Minister and President of Turkey Suleyman Demirel.^[6] In 2007, it considered entering the media sector by participating in the Sabah-ATV tender, but decided it against it after reviewing the companies' financials.^[7]

Companies

Nurol's companies include:^[8]

• Nurol Construction and Trading (Nurol İnşaat ve Ticaret A.Ş.) ^[3]
  • Projects include the İzmit Bay Bridge, and leadership of the Ilısu Dam construction consortium^[4]
• Nurol Makina ve Sanayi A.S., founded 1976) - industrial and defence manufacturing^[9]
  • Products include the Nurol Ejder and the TOMA water cannon^[10]
• FNSS Defence Systems (FNSS Savunma Sistemleri A.Ş.) - defence manufacturing;^[11] a joint venture with BAE Systems Inc.
  • Products include the FNSS Pars, ACV-300, and AZMİM.
• Nurol Technologies
  • Products include boron carbide armour^[12]
• Nurol Yatırım Bankası - investment banking based in Maslak^[13]
• Nurol Real Estate (Nurol Gayrimenkul Yatırım Ortaklığı, quoted on the Istanbul Stock Exchange as NUGYO^[14])
  • Notable investments include Hurriyets headquarters, acquired for $127m in 2012^[15]
• Turser (tourism)
  • Owns Sheraton Turkey, which includes the Sheraton Ankara^[16]

References

1. "Some Siscal Indicators". Nurol. Retrieved 2013-06-20.
2. "Company Overview of Nurol Holding Inc". Bloomberg Businessweek. Archived from the original on June 20, 2013. Retrieved 2013-06-20.
3. "About Us". nurolinsaat.com.tr. Retrieved 2013-06-20.
4. "History". Nurol Holding. Retrieved 2013-06-20.
5. "Güneşli'de bir yaşam vadisi: Nurol Park". Doğan News Agency (in Turkish). 2013-05-22. Retrieved 2013-06-20.,
6. "NUROL celebrates its 35th anniversary". Hurriyet Daily News. 2001-04-03. Retrieved 2013-06-21.
7. "Balance sheets lie behind Nurol move". Hurriyet Daily News. 2007-10-12. Retrieved 2013-06-21.
8. "List of companies" (in Turkish). Nurol Holding. Retrieved 2013-06-21.
9. "About Us". Nurol Makina. Retrieved 2013-06-21.
10. "Nurol launches its 4x4 armored vehicle". Hurriyet Daily News. 2013-05-10. Retrieved 2013-06-21.
11. "Company Profile". FNSS. Retrieved 2013-06-21.
12. "Nurol selling innovative armors to Middle East". Hurriyet Daily News. 2012-10-09. Retrieved 2013-06-21.
13. "WBC Extends $10 Million of Long-Term Loans to Turkey's Nurol Bank - WorldBusiness Capital, Inc". Worldbusinesscapital.com. 2 January 2017. Retrieved 14 November 2017.
14. "Nurol Gayrimenkul Yatırım Ortaklığı A.Ş." (in Turkish). Borsa Istanbul. Retrieved 2013-06-21.
15. "Nurol acquires Hürriyet's headquarters". Hurriyet Daily News. 2012-01-28. Retrieved 2013-06-21.
16. "Nurol's new convention center to boost conference tourism in Ankara". Hurriyet Daily News. 2005-05-16. Retrieved 2013-06-21.

External links

• Official Website