PROFIT DISTRIBUTION POLICY

SERVET GAYRİMENKUL YATIRIM ORTAKLIĞI ANONİM ŞİRKETİ PROFIT DISTRIBUTION POLICY

Primarily the Turkish Trade Code, Capital Market Regulations, Tax Legislation and other relevant legislations and the provisions of the articles of association related with profit distribution are observed in the profit distribution of the company.

When determining the profit share to be distributed, the changes and developments occurring in the relevant legislations, the long-term strategy of the Company, capital needs, investment and financing policies, profitability and cash position are taken into consideration.

As long as there’s no extraordinary situation arising from the company’s investment and financing needs, the Board of Directors suggests to the General Assembly to distribute in cash, the first dividend amounting up to a minimum 30% of the distributable profit for the financial year. If the Board of Directors suggests to the General Assembly to distribute cash dividend below the amount mentioned above, or not to distribute any cash dividend at all, the basis of such a suggestion is explained to the shareholders.

The General Assembly gives the final decision regarding the profit distribution.

  • PROFIT DISTRIBUTION POLICY

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