AKSİGORTA PARTNERSHIP STRUCTURE
SUSTAINABLE ACHIEVEMENTS AND SUCCESSES
Aksigorta’s sustainable achievements and successes in the insurance sector reflect the strength of its shareholding structure.
Registered Capital
Aksigorta A.Ş. changed to the registered (authorized) capital system pursuant to the provisions of Turkey’s Capital Market Law (Statute 2499) as of 9 March 1995 and holds license number 301 from the Capital Markets Board. The Company’s authorized capital ceiling is TL 750 million, and its paid-in capital is TL 306 million as stated in the permit letter numbered E-29833736-110.03.03-1635 and the Ministry of Commerce, General Directorate of Domestic Trade, dated 05 March 2021 and numbered 62064027.
Capital Structure
No material changes have taken place in the capital structure of Aksigorta A.Ş., as shown in the table below. Both of the Company’s major shareholders purchased the same volume of Aksigorta shares traded on the Borsa Istanbul; as a result, their stake in the Company increased from 33.11% to 36% in 2012. There are no privileged shares holding special rights.
Management Methodology
Aksigorta continues its activities as a joint venture company with a 36%-36% partnership between Sabancı Holding and Ageas Insurance International NV.
| December 31, 2020 | December 31, 2021 | |||
| Shareholders | Share (%) | Amount (TL) | Share (%) | Amount (TL) |
| Hacı Ömer Sabancı Holding A.Ş. | 36 | 110,160,000 | 36 | 110,160,000 |
| Ageas Insurance International N.V. | 36 | 110,160,000 | 36 | 110,160,000 |
| Free Float | 28 | 85,680,000 | 28 | 85,680,000 |
| Total | 100 | 306,000,000 | 100 | 306,000,000 |
Shareholders that Control more than a 10% Stake in the Company’s Issued Capital
The names and shareholding interests of shareholders who hold more than a 10% stake in the Company’s issued capital are shown in the following chart:
