Nurol Holding Explained

Nurol Holding A.Ş.
Type:	Anonim Şirket
Founded:	Turkey (1989)
Key People:	Ugur Dogan (CEO)
Revenue:	c. $500m (2010)^[1]
Homepage:	Nurol Holding website

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]

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]

External links

• Official Website

Notes and References

1. Web site: Some Siscal Indicators . Nurol . 2013-06-20 .
2. News: Company Overview of Nurol Holding Inc. . https://archive.today/20130620051707/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=23114181 . dead . June 20, 2013 . Bloomberg Businessweek . 2013-06-20 .
3. Web site: About Us . nurolinsaat.com.tr . 2013-06-20 .
4. Web site: History . Nurol Holding . 2013-06-20 .
5. News: Güneşli'de bir yaşam vadisi: Nurol Park . Doğan News Agency . 2013-05-22 . Turkish . 2013-06-20 .,
6. News: NUROL celebrates its 35th anniversary . . 2001-04-03 . 2013-06-21 .
7. News: Balance sheets lie behind Nurol move . . 2007-10-12 . 2013-06-21 .
8. Web site: List of companies . Nurol Holding . Turkish . 2013-06-21 .
9. Web site: About Us . Nurol Makina . 2013-06-21 .
10. News: Nurol launches its 4x4 armored vehicle . . 2013-05-10 . 2013-06-21 .
11. Web site: Company Profile . FNSS . 2013-06-21 .
12. News: Nurol selling innovative armors to Middle East . . 2012-10-09 . 2013-06-21 .
13. Web site: WBC Extends $10 Million of Long-Term Loans to Turkey's Nurol Bank - WorldBusiness Capital, Inc.. 2 January 2017 . Worldbusinesscapital.com. 14 November 2017.
14. Web site: Nurol Gayrimenkul Yatırım Ortaklığı A.Ş. . . Turkish . 2013-06-21 .
15. News: Nurol acquires Hürriyet's headquarters . . 2012-01-28 . 2013-06-21 .
16. News: Nurol's new convention center to boost conference tourism in Ankara . . 2005-05-16 . 2013-06-21 .