Nurol Holding Inc.

The company, with over half a century of history, takes pride in creating significant social and economic value through its services in six main sectors: construction and contracting, real estate investments, defense industry, energy and mining, tourism, and finance, all supported by nearly 40 companies and subsidiaries and over 12,000 local and international employees.

Nurol began as NUROL İnşaat, established in 1966 with a primary focus on construction and contracting. Over time, it expanded by founding companies in various sectors, prioritizing efficiency and quality. Established in 1989 under the management of Nurettin Çarmıklı, the late Erol Çarmıklı, and M. Oğuz Çarmıklı, NUROL HOLDING has since diversified its operations across multiple sectors including construction and contracting, defense industry, mining, real estate investment, finance, tourism, energy, trade, and services. The company continues to operate both domestically and internationally through its various subsidiaries and projects, consistently focusing on maximizing its capacity with a balanced portfolio and managing risks effectively to contribute to the national economy through employment and added value.

The management of Group Companies is conducted in accordance with corporate governance principles, led by the Chairman of the Board and Coordinators reporting directly to the Chairman,with General Managers overseeing subsidiary companies. Control, coordination, and oversight activities are carried out from the Holding’s central office. In addition to its core activities in defense, mining, energy, tourism, trade, and services, NUROL positions its Ankara-based companies, including NUROL İnşaat, Nurol GYO, and NUROL BANK, with a focus on maintaining a strong presence in Istanbul. NUROL continuously updates its short, medium, and long-term plans in alignment with strategic goals, demonstrating sustainable growth by strengthening its investments both domestically and internationally. In addition to its commercial activities, Nurol sets strategies aimed at addressing societal issues and advancing contemporary living standards, actively participating in various related projects.

The group companies, together with all their employees, are committed to serving society with a strong awareness of corporate social responsibility, prioritizing sensitivity towards people and the environment.

With over half a century of commercial history and experience, the Nurol family, through its outstanding brand quality and commitment to traditions, carefully aligns its family values with its corporate values. They are dedicated to advancing in step with the times as one of Turkey’s leading groups.

As of December 31, 2023, NUROL Holding’s consolidated assets amount to 134.2 billion TL, while the group’s revenue for the same period is approximately 42.4 billion TL.

With the support of the Nurol family, which continues its efforts to enhance national values, the Nurol Education, Culture, and Sports Foundation, established with their backing, has played a significant role in the development of the country. The foundation supports the advancement of education, culture, and the arts.

Nurol Group Companies adopt the principles of environmental, social, and economic sustainability across all areas of their global operations. As signatories to the United Nations Global Compact, they are committed to aligning their strategies and processes with the ten principles related to human rights, environmental protection, fair labor standards, and anti-corruption. They aim to enhance the level of application in these areas while adhering to the principle of continuous improvement. With an awareness that their activities contribute not only to the Group’s companies but also to the development of all stakeholders and the National economy, Nurol places significant importance on maintaining the continuity of value chain interactions.

We shape our sustainability strategy and roadmap based on the Sustainable Development Goals and Global Principles, which we prioritize corporately, and we align our internal governance structure accordingly. As Nurol Group, we are committed to transparently sharing the progress we achieve each year with the public. We continuously assess and improve our strategic, operational, and social sustainability practices in the sectors in which we operate, ensuring alignment with international standards and best practices.

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