Sabancı Holding

Hacı Ömer Sabancı Holding A.Ş., abbreviated as Sabancı Holding is, according to Koç Holding the second largest industrial and financial group in Turkey and is 78% owned by the Sabancı family

The holding company was founded by the son of an entrepreneur Sakıp Sabancı. Immediately after the death of his father, a successful entrepreneur and founder of Hacı Ömer Sabancı family dynasty, which was making its first investment with the participation in a cotton field in 1932

Sabancı Holding controls 65 companies, many of which are national leaders in their respective fields. The group has 45,000 employees and operates in eleven countries. Twelve companies are listed on the Istanbul Stock Exchange ( IMKB ). The holding company holds more than 43 % of Akbank, one of the largest banks in Turkey, and has investments in markets such as vehicles, cement, energy, food, insurance, Internet services, textiles, tires and tobacco.

Sabancı operates ten joint ventures with Bridgestone, Toyota, force, Bekaert, Heidelberg Cement, Carrefour, Dia, Hilton, Mitsubishi Motors, International Paper and Philip Morris.

The company's headquarters was moved in 1974 from Adana to Istanbul, and is located in a twin skyscraper in Levent in Istanbul's Beşiktaş, the so-called Sabancı Twin Towers. Board of Directors of the holding company is Güler Sabancı, the niece of Sakıp Sabancı and therefore third generation of the Sabancı family. Sakıp Sabancı Holding led the since its establishment in 1967 until his death in 2004. Vice - directors are Şevket Sabancı and Erol Sabancı. Other members of the Board are Ömer Sabancı, Sevil Sabancı, Serra Sabancı, Hasan Güleşçi, Nafiz Can Paker and Ahmet Dördüncü, which currently is the CEO of the company.

In 2007, the adjusted sales of Sabancı Holding amounted to $ 14.9 billion (2005 - $ 10.6 billion ) with a profit of $ 2.3 billion (2005 - $ 514,000,000 ).

The largest competitors of Sabancı Holding Koç Holding.

Terrorist attack

In 1996, Özdemir Sabancı was murdered by members of the DHKP -C in his office in the Sabancı Twin Towers, along with his secretary Nilgün Hasefe and the business partner Haluk Gorgun. The terrorists had access to the heavily guarded building by Fehriye Erdal, a sympathizer who worked at the time as a student in the building.