https://arab.news/cpfdw
ISTANBUL: Turkiye has transferred the shares of 12 companies held by its treasury, including three listed ones, to the Turkiye Wealth Fund, according to a presidential decree published in the country’s Official Gazette on Tuesday.
Stock exchange-listed Koza Altin, Koza Anadolu Metal and Ipek Dogal Enerji were among the companies whose shares were transferred to the wealth fund, which oversaw more than $300 billion in assets according to its 2022 report.
Shares of Koza Altin rose 8.9 percent while Koza Anadolu Metal was up 8.1 percent at the Borsa Istanbul open. Ipek Dogal Enerji shares jumped 9.94 percent to 54.2 lira after the decision while the benchmark index BIST 100 was little changed.
In a joint filing to the exchange, the companies said their listed shares will continue to trade on the Borsa Istanbul and there will be no change in their legal status.