Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar Anonim Sirketi
BBIST:TEKTU3.18
TRY
-0.12
(-3.64%)
ISIN
TRATEKTU91K2
Return %
Stock
S&P 500
1Y
-86.56
14.20
3Y
-14.75
81.12
5Y
156.45
68.34
Capital Structure
TRY
•
in mil. unless spec.Working Capital
TRY
•
in mil. unless spec.Growth Rates
TRY
•
in mil. unless spec.Quarterly Revenue
TRY
•
in mil. unless spec.Quarterly Earnings Per Share
TRY
•
in mil. unless spec.Quarterly Dividends Per Share
TRY
•
in mil. unless spec.Company Description
- CEO
- Soner Yilmaz
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Istanbul Turkey
- IPO Date
- Aug 3, 2000
- Website
- tek-artinsaat.com
- Similar Companies
- Business
- Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar Anonim Sirketi is a Turkey-based conglomerate primarily engaged in the tourism, hospitality, construction, and real estate development sectors. Founded in 1987 as Yattur Turizm Marina ve Yat Isletmeciligi A.S. and headquartered in Istanbul, Turkey, the company operates across multiple commercial segments through its direct facilities and operating subsidiaries. Its primary hospitality business comprises the ownership, development, and management of resort hotels, holiday villages, and luxury lodging complexes; guest accommodation and hospitality management; food and beverage operations; spa, wellness, and thermal facilities; and recreational event hosting, anchored by prominent properties including Club Zigana in Kemer, Antalya and Resort Zigana Alacati in Cesme, Izmir. In the construction and real estate domain, the company provides general contracting and civil engineering services; residential and commercial building construction; luxury villa development; and property management. Additionally, the company offers auxiliary tourism transportation; car rental operations; travel agency services; and commercial warehousing and retail unit leasing within ports and designated free trade zones. Beyond its primary business lines, the company operates in chemical manufacturing via its industrial paint subsidiary MAY Boya Kimyevi Maddeler Sanayi ve Ticaret A.S.; interior architectural contracting through Guclu Dekorasyon Mimarlik ve Taahhut Sanayi ve Ticaret A.S.; and regional media publishing and commercial printing via Karadeniz Gazetesi ve Matbaacilik Limited Sirketi. In recent corporate developments, Tek-Art Insaat has implemented major capital restructuring and asset management programs to optimize its financial structure. The Capital Markets Board of Turkey approved an increase in the company's registered capital ceiling from TRY 300 million to TRY 1.5 billion, valid through 2028. To resolve short-term financial liabilities, the company entered into a credit debt restructuring protocol with Odeabank involving the phased commercial sale and monetization of 35 private luxury villas situated within the Resort Zigana Alacati complex. In addition, the company's board of directors resolved to execute a 100 percent cash rights issue to increase its paid-in capital from TRY 300 million to TRY 600 million, submitting the formal registration application to the Capital Markets Board to generate funds designated for operational working capital, property renovations, and project feasibility investments.