TWF Completes a Transaction Supporting the Deepening of Financial Markets

Türkiye Wealth Fund has successfully completed another strategically significant transaction aimed at deepening financial markets and supporting the development of capital markets. Through TVF Financial Investments, a wholly owned subsidiary of TWF, shares corresponding to 5% of Türkiye Sigorta’s capital were successfully offered to international institutional investors following strong demand.

TVF Financial Investments offered a total of TRY 500 million nominal value shares, corresponding to 5% of Türkiye Sigorta’s issued share capital, from within its existing 81.1% stake in the company, to institutional investors residing outside Türkiye through an accelerated bookbuilding process. The transaction was completed at a price of TRY 13.50 per share, representing 7.4% discount to the previous closing price, with a total transaction size of approximately TRY 6.75 billion. The transaction also marked the highest market valuation Türkiye Sigorta has reached to date in both TRY and USD terms.

The offering size initially started at TRY 450 million nominal value and was increased by an additional TRY 50 million due to strong investor demand, reaching a total nominal size of TRY 500 million.

Türkiye Sigorta’s Success Story

Türkiye Sigorta stands as one of the clearest and most successful examples of TWF’s value creation vision. Since the consolidation of public insurance and pension companies under a single roof in 2020, the company has achieved a leading position in the sector through its strong corporate structure, effective management approach, operational efficiency, and sustainable growth performance.

As a result of this successful performance, Türkiye Sigorta’s market capitalization has reached TRY 147.5 billion, equivalent to approximately USD 3.2 billion. The strong demand received from international institutional investors reaffirmed Türkiye Sigorta’s solid market position and credibility among investors, while also demonstrating the continued interest of foreign investors in the Turkish financial sector. The strong interest also reflected confidence in the resilience and long-term growth potential of the Turkish economy.

The transaction represents a concrete reflection of TWF’s approach of enhancing the value of assets within the Fund, introducing this value to investors under favorable market conditions, and contributing to the deepening of capital markets.

TWF Remains the Largest Shareholder

Following the transaction, TVF Financial Investments’ direct shareholding in Türkiye Sigorta stands at 76.10%, while the company’s free float ratio increased to 23.90%. Accordingly, TWF continues to maintain its position as the main shareholder of Türkiye Sigorta.

TVF Financial Investments has also committed not to conduct any additional share sales for a period of 90 days, subject to certain customary exceptions.

Going forward, Türkiye Wealth Fund will continue to act in line with its objectives of transparency, investor confidence, financial stability, and the development of capital markets, while further enhancing the value of its strategic assets and contributing to the Turkish economy.