Record Level High Capital Increase by İGA

İGA, the construction and 25-year operation contractor of İstanbul New Airport, increased its capital by 1,790 billion Turkish Lira (TRY) to 6,240 billion TRY. Thus, İGA’s shareholders’ equity reached 1.6 billion euro. The decision was taken at the shareholders’ assembly meeting of İGA Airport Operations on July 26. Cengiz, Mapa, Limak, Kolin, and Kalyon Group, members of the İGA consortium, have all contributed to this capital increase with five equal shares of 358 million TRY.

“This decision is evidence for our shareholders to trust in the Turkish economy and the fact that İGA’s airport construction and operation have been carried out to far above world standards,” said Kadri Samsunlu, Chief Executive Officer and General Manager of İGA Airport. “We can say that this capital increase has both reinforced our company’s financial structure and ensured the making of required investment at a fast pace. With this unprecedented increase, İGA is one of the largest companies in Turkey.

In terms of equity capital, it became the fourth-highest company in the Fortune 500 list after Turkish Airlines, Tüpraş, and Turkcell.”