Haci Omer Sabanci : Dividend Distribution Proposal to the General Assembly
February 24, 2021
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At the meeting of the Board of Directors dated 25 February 2021,
Pursuant to review of Consolidated Financial Statements for the year 2020 prepared in accordance with the Turkish Financial Reporting Standards, it was resolved to propose the General Assembly to distribute profit as follows from 4.767.573.000.- TL Consolidated Net Profit attributed to equity holders of the parent incurred between 01.01.2020 - 31.12.2020;
Gross 714.141.375,85 TL dividend in cash (Gross %35, net %29,75) to the shareholders who are representing the 2.040.403.931,00 TL capital,
Gross 23.851.874,98 TL dividend in cash to H.Ö. Sabancı Foundation,
To reserve the remaining amount as extraordinary reserves,
To reserve 44.807.323,59 TL profit as 'Special Reserves' in the Statutory Financials prepared in accordance with the Turkish Tax Procedure Law in order to benefit from corporate tax exemption for the profit derived from the 2020 sales of subsidiary in accordance with the Article 5/1-e of the Corporate Tax Law,
and it was resolved to propose the General Assembly to distribute the cash dividend, beginning from 5 April 2021.
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Haci Ömer Sabanci Holding AS published this content on 25 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 03:57:09 UTC.
Haci Omer Sabanci Holding AS (Sabanci Holding), is a Turkey-based holding company, which is engaged in a wide variety of business activities through its subsidiaries and affiliates, mainly in the banking, financial services, energy, building materials, digital and retail sectors. Through its subsidiaries Brisa, Kordsa, Temsa, and Temsa Motorlu Araclar, it manufactures and wholesales automobiles, light commercial vehicles, trucks, agricultural and construction machinery tires, and manufactures electric and diesel city and inter-city buses. Sabanci Holding is active in the banking and finance sectors via subsidiaries, Akbank, Aklease, Akyatirim and Akportfoy, and it provides financial, leasing, investment and portfolio management services. The Company also involves other activities, such as electricity generation and distribution, manufacturing building materials, retailing electronics, and operating supermarkets.