Strong Shareholder Structure

TurkDEX is a private corporation (members are not necessarily owners) and a for profit entity. According to regulations of Turkish Capital Markets Board, TurkDEX was not allowed to distribute any dividends during its first three years of operations, and after that it was able to distribute only 20% of its profits to its shareholders.

The shareholders of TurkDEX include well-known prestigious financial and real sector institutions which have extremely strong capitalization. There are 10 seats at the Exchange Board: Two for Turkish Union of Chambers, two for Turkish Association of Securities Dealers, 1 for Istanbul Stock Exchange, 1 for Izmir Mercantile Exchange, 1 for General Manager (CEO of TurkDEX), and 3 for other shareholders.