Sabancı Holding
From Wikipedia, the free encyclopedia
| Sabancı Holding | |
|---|---|
 |
|
| Type | Private |
| Founded |  1967 Adana,Turkey |
| Founder | Hacı Ömer Sabancı |
| Headquarters | Istanbul, Turkey |
| Key people | Güler Sabancı |
| Revenue | ▲$12.100 billion USD (2006) [1] |
| Net income | ▲$351 million USD (2006) [2] |
| Employees | 52,000 |
| Website | www.sabanci.com |
Hacı Ömer Sabancı Holding A.Ş., abbreviated as Sabancı Holding, is the second largest industrial and financial conglomerate in Turkey after Koç Holding. The holding is owned at about 75% by the Sabancı family, one of Turkey's wealthiest. The remaining 25% is listed in the Istanbul Stock Exchange (IMKB).
Sabancı Holding controls 70 companies, many of which are recognized market leaders in their respective sectors. The group has a total of 50,000 employees and operates in 15 countries. 13 of its companies are also listed on the Istanbul Stock Exchange. The holding and its subsidiaries own more than 40% of Akbank, one of the country's largest banks, and has operations in such markets as cars, cement, energy, retail, insurance, telecom, textiles, tires, plastic, hotels, paper and tobacco. Sabanci has 10 joint ventures with heavy hitters that include Citigroup, Aviva, Bridgestone, Toyota, Verbund, Bekaert, Heidelberg Cement, Carrefour, Dia, Hilton, Mitsubishi Motor, International Paper and Philip Morris.
The headquarter of the company was moved from Adana to İstanbul in 1974, and is located in a twin skyscraper building in Levent. Chairwoman of the holding is the third generation member of the Sabancı family Güler Sabancı, who was appointed after the death of her uncle Sakıp Sabancı in 2004, the leader of the holding since its founding in 1967. Vice chairmen are Şevket Sabancı and Erol Sabancı. Other members of the board of directors are Ömer Sabancı, Sevil Sabancı, Serra Sabancı, Hasan Güleşçi, Nafiz Can Paker and Ahmet Dördüncü, who is currently also company’s CEO.
In 2006, the consolidated revenues of Sabancı Holding were $12.1 billion with a net income of $400 million.
Main competitor of Sabancı Holding is Koç Holding.
[edit] Terrorist attack
In 1996, Özdemir Sabancı was murdered in his office in the towers by members of DHKP-C, along with his secretary and a business partner. The terrorists are thought to be given access to the strongly guarded building by Fehriye Erdal, who was at that time a student working in the building.
