Nurol Holding

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]

Nurol Holding A.Ş.
Anonim Şirket
FoundedTurkey (1989)
Headquarters
Istanbul 
,
Turkey 
Key people
Ugur Dogan (CEO)
Revenuec. $500m (2010)[1]
WebsiteNurol Holding website

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 (Nurol Makina ve Sanayi A.S., founded 1976) - industrial and defence manufacturing[9]
  • FNSS Defence Systems (FNSS Savunma Sistemleri A.Ş.) - defence manufacturing;[11] a joint venture with BAE Systems Inc.
  • 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)
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References
  1. "Some Siscal Indicators". Nurol. Retrieved 2013-06-20.
  2. "Company Overview of Nurol Holding Inc". Bloomberg Businessweek. Retrieved 2013-06-20.
  3. "About Us". nurolinsaat.com.tr. Retrieved 2013-06-20.
  4. "History". Nurol Holding. Retrieved 2013-06-20.
  5. "Güneşli'de bir yaşam vadisi: Nurol Park". Doğan News Agency (in Turkish). 2013-05-22. Retrieved 2013-06-20.,
  6. "NUROL celebrates its 35th anniversary". Hurriyet Daily News. 2001-04-03. Retrieved 2013-06-21.
  7. "Balance sheets lie behind Nurol move". Hurriyet Daily News. 2007-10-12. Retrieved 2013-06-21.
  8. "List of companies" (in Turkish). Nurol Holding. Retrieved 2013-06-21.
  9. "About Us". Nurol Makina. Retrieved 2013-06-21.
  10. "Nurol launches its 4x4 armored vehicle". Hurriyet Daily News. 2013-05-10. Retrieved 2013-06-21.
  11. "Company Profile". FNSS. Retrieved 2013-06-21.
  12. "Nurol selling innovative armors to Middle East". Hurriyet Daily News. 2012-10-09. Retrieved 2013-06-21.
  13. "WBC Extends $10 Million of Long-Term Loans to Turkey's Nurol Bank - WorldBusiness Capital, Inc". Worldbusinesscapital.com. 2 January 2017. Retrieved 14 November 2017.
  14. "Nurol Gayrimenkul Yatırım Ortaklığı A.Ş." (in Turkish). Borsa Istanbul. Retrieved 2013-06-21.
  15. "Nurol acquires Hürriyet's headquarters". Hurriyet Daily News. 2012-01-28. Retrieved 2013-06-21.
  16. "Nurol's new convention center to boost conference tourism in Ankara". Hurriyet Daily News. 2005-05-16. Retrieved 2013-06-21.
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