Page 19 - Annual Report 2019

ith more than half a century in business, the
Çarmıklı family continues to oversee the activities
Wof one of Turkey’s leading groups as it continues
to act in line with the requirements of the era, while preserving
its commitment to traditions and synchronizing its corporate
values with family values. The ÇARMIKLI brothers, Nurettin,
Erol and M. Oğuz, as the founders of the HOLDING, continue
to bring added value to the national economy through the
investments made by the Holding’s companies operating in
the construction, real estate, defence, manufacturing, mining,
technology, finance, energy, tourism, trade and services
sectors that they manage, with emphasis always on efficiency
and quality.

NUROL Holding is a group of companies that started with the
establishment of NUROL Construction in 1966 to engage in
the core business area of construction and contracting. In the
years that followed, the group of companies grew and
developed as a result of the works carried out by the
companies established in various sectors.

Structured in 1989, NUROL Holding continues its activities Nurol Plaza, İstanbul/ Turkey
today with approximately 40 subsidiaries, affiliates and
The consolidated assets of NUROL Holding was
project partnerships, both at home and abroad.
approximately TL 25 billion as of 31 December, 2019 with a
NUROL Construction, the flagship of the NUROL Group of turnover of TL 9.1 billion and total projects worth TL 196
Companies, operates over a large area encompassing 15 billion. Our goals for 2020 will be reviewed and revised in
countries, including Algeria, Morocco, UAE, Saudi Arabia, Libya, line with developments related to the global pandemic.
Qatar, Georgia, Romania, Hungary, Russia, Turkmenistan,
Kazakhstan, Uzbekistan, Iraq, Lebanon and Afghanistan.(*) The Since its establishment, in addition to its commercial
company continues its search for new markets in other activities, NUROL has been mapping out strategies and
countries in the Middle East, the Balkans and eastern Europe. taking part in various projects with a view to resolving social
problems and improving contemporary living standards in
Having achieved sustainable growth by renewing line with its ethical values. Drawing upon its sense of
its short-, medium- and long-term goals in line corporate social responsibility, the Group of Companies has
with its strategic targets in the sectors in which it is made it its mission to serve society together with its
engaged, NUROL is now devising plans to continue its employees, with priority given to people and the environment.
investments in domestic and foreign markets with
a stronger structure, preserving its solid presence in The Nurol Education, Culture and Sports Foundation,
the sectors in which it is operating. founded by the Çarmıklı family, has since the day of its
establishment strived to develop our nation’s values by
The group companies are managed by Coordination Units
contributing to the development of, in particular,
and General Managers who report to the Chairman
education, culture and the arts, all of which play an
and Vice Chairmen of the Board of Directors in
important role in the development of the country.
accordance with institutional management principles,
while corporate communication and audits are handled NUROL Holding signed up to the UN Global Compact as a
by units based in the headquarters. The headquarters of “Participant” to contribute to the creation of sustainable
the HOLDING are in Ankara, which is also home to the conditions for the sake of the future, and to do what it can for
head offices of most of the Holding companies, its employees, the nation and the world, where they breathe
including those engaged in mining, energy, tourism, with billions of other people on a common platform. A report
trade, services, and, in particular, defence. NUROL compiled addressing these issues that has received the
Construction, NUROL Real Estate Investment Trust approval of the Global Reporting Initiative (GRI) under the
and NUROL Bank, on the other hand, are headquartered heading “sustainability” can be found on our webpage.
in Istanbul.
(*) Projects were realized before any sanctions were applied for 18
the specified countries.