Albayrak Group, known to have close ties to the ruling AK Parti and President Recep Tayyip Erdoğan, has owned daily Yeni Şafak since 1997.
Media Companies / Groups
Albayrak Media Group
According to Article 434 of Turkish Commercial Code, shareholders in corporations ('Anonim Şirket’) use their voting rights in proportion with their shares’ nominal value. Each shareholder has at least one vote, however voting rights might be limited, or given more weight with articles of association. Moreover, public companies may issue shares without voting rights according to Article 14/A of Capital Markets Law.
Affiliated Interests Founder
Ahmet Şişman was businessman. He was born in Bolu in 1951. He was among the founders of Ensar Vakfı and its president for 21 years until he passed away in 2011. In 1995 he bought the publishing rights of Yeni Şafak newspaper (which has been published for a short period in 1994 by other investors) and is considered the founder of the paper. Şişman’s funeral was attended by then President Abdullah Gül and Prime Minister Tayyip Erdoğan.
Affiliated Interests Ceo
Ömer Bolat was born in 1963 in İstanbul. He received his Ph.D. from Marmara University with his thesis on “European Monetary System” in 1989. After serving as secretary general of MUSIAD for 11 years, he was elected as president by acclamation in 2004. And, He is currently member of Higher Advisory Board of MUSIAD. Since may 2000, he has been serving as CEO of the Albayrak Group. He has became a vice president of economic affairs of AKP in 2012.
Affiliated Interests Editor-In-Chief
Born in Trabzon in 1969, İbrahim Karagül is the Editor in Chief of Yeni Şafak and TV Net. He is a graduate of Dokuz Eylül University’s Faculty of Law. He started working at Yeni Şafak in 1995 as the head of international news. He was named the chief of TV Net in March 2011, and the Editor in Chief of Yeni Şafak in July 2012. He’s been writing a column for Yeni Şafak for 20 years.
Other Important People
Affiliated Interests other important people
Born in 1964, Mustafa Albayrak is a shareholder - along with his five brothers - and the Head of the Board of Directors of "Albayrak Yayın Holding A.Ş.," which owns Yeni Şafak newspaper, seven magazines and two TV channels. He heads the boards of directors of four other media companies within the group, which is known to have close ties to the ruling AK Parti and President Recep Tayyip Erdoğan. Mustafa Albayrak was imprisoned for 6 months in 2001-2002 for claims of corruption in public tenders, related to construction and transportation, taken from Istanbul Metropolitan Municipality.
Maltepe Mah. Fetih Cad. No:6 Dk:4, Cevizlibağ Sk., 34010 Zeytinburnu İstanbul 0212 612 2930, yenisafak.com
Revenue (in Mill. $)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
(16.10.2016) Siyaset ve iş dünyasını buluşturan düğün. Yeni Safak. Retrieved in October 2016 from: http://www.yenisafak.com/hayat/siyaset-ve-is-dunyasini-bulusturan-dugun-2548460
According to Trade Registry Gazette, Albayrak brothers have the 6.4% shares for each.