This policy has been established to determine the procedures and principles for the distribution of profits by the current legislation, provided that the delicate balance between the expectations of shareholders and the need for growth of the company is not disturbed and the profitability status of the company is taken into account.
The distribution of profits is decided by the General Assembly by the proposal of the Board of directors, taking into account the provisions of the Turkish Commercial Code, the amount of investment of the company, and other legislation to which the company is subject.
References :
*At least 80% of the company's net distributable profit for the period must be distributed in cash as dividends.
* The proposal to the General Assembly to distribute the net active profit generated at the end of the previous year in cash has been adopted as a profit distribution policy.
* Cash dividend distribution is made no later than the end of the second month following the date of the General Assembly meeting where the decision to distribute the dividend was taken.
* If the cash dividend determined by the decision of the General Assembly is not paid to the shareholders, the members of the board of directors and the employees of the company are not paid dividends.
OTHER CONSIDERATIONS :
Dividends must be distributed regularly to partners. Money transfer, eft, or similar brokerage expenses related to dividend distribution are deducted from the distributed dividend. The way for partners to buy shares with dividends is clear. The board of Directors of the company before the distribution of a dividend period reports, profitability ratios, the formation of these investments and ongoing expenses, general expenses, via the website, must notify the process of currently ongoing investments to shareholders.
