OYAK

(Redirected from OYAK Holding)

OYAK (Ordu Yardımlaşma Kurumu), is a Turkish charity and pension fund with around 363,000 members and owner of Renault (Oyak). The OYAK Holding Investment Subsidiary Group is one of the largest industrial groups in Turkey.[5] The group was the former owner of ING Oyak Bank (sold to ING Bank in 2007) and the Oypa supermarket chain. In 2012 it was rated BB+/stable by Standard & Poor's.[6] The group co-owns Oyak-Renault, a car manufacturer, and steel producer Erdemir. OYAK Group of Companies added Sagra to its structure in April 2021.[7]

OYAK
Typepension fund
BIST: OYYAT
Founded1 March 1961[1]
HeadquartersAnkara, Turkey
ProductsFinancial services
Revenue$9.8bn[2]
Number of employees
29,000[3]
ParentMinistry of National
Defense
[4]
Websitewww.oyak.com.tr
Footnotes / references
Total Assets = $19.3bn[2]

OYAK provides members with "supplementary retirement benefits" apart from the official retirement fund, T.C.Emekli Sandığı/SSK, to which they are primarily affiliated. In addition to retirement benefits, OYAK pays disability benefits to members when they become partially or fully disabled, and provides death benefits to the deceased's heirs.[citation needed]

OYAK is a private entity that is subject to Turkish civic and commercial law. OYAK, also offers services such as consumer loans, housing loans, pension system, stock market investment support to its members.[8]

StructureEdit

OYAK Group companiesEdit

In the industrial sector, the OYAK Group 's companies include iron and steel, chemistry, cement manufacturing, electricity and automotive.

Affiliated companiesEdit

Affiliated companies and investments include:

Subsidiary companiesEdit

ReferencesEdit

  1. ^ OYAK Yatirim, About Oyak Group
  2. ^ a b OYAK, 16 Aug 2019, OYAK in Numbers
  3. ^ OYAK, OYAK Group Subsidiaries
  4. ^ Terkoğlu, Barış (21 June 2021). "Üzgünüm ama Sedat Peker haklı çıktı". Cumhuriyet (in Turkish). Retrieved 19 September 2021.
  5. ^ Euromoney, Oyak: Army advances on the investment front
  6. ^ Standard & Poor's, 4 December 2012, Summary: OYAK (Ordu Yardimlasma Kurumu)
  7. ^ Gazete, Banka (23 November 2021). "Sagra OYAK ile pazar payını ikiye, ihracatını beşe katlayacak". Gazete Banka. p. https://gazetebanka.com/. Retrieved 23 November 2021.
  8. ^ Gazete, Banka (21 November 2021). "Oyak Yatırım hisse önerileri". Gazete Banka. p. https://gazetebanka.com/. Retrieved 21 November 2021.
  9. ^ securities.com, Oyak Insaat A S
  10. ^ reuters.com, OYAK Yatirim Ortakligi AS (OYAYO.IS)
  11. ^ "Oyak Renault Hakkında – Oyak Renault Otomobil Fabrikaları". 23 January 2019.
  12. ^ Oyak Yatirim, About Oyak Securities

External linksEdit