İhlas Group

İhlas Group

Ihlas Holding A.Ş. was founded in 1970 with the establishment of Türkiye newspaper. It operates across the country with its 25 companies, 3,124 employees in construction, real estate, manufacturing, trade, mining, education and healthcare sectors. İhlas Yayın Holding (İhlas Media Holding), the media group under İhlas Holding, was founded with a capital of 200 million Turkish Liras on July 10, 2003 to consolidate the media sector subsidiaries of İhlas Group. It went public on October 25-26, 2010. The Holding’s shares began trading on Borsa Istanbul on October 5, 2010. İhlas Holding owns 49.71% of İhlas Yayın Holding, whereas 48.19% of the company's shares are public.

Key facts

Business Form

Private

Legal Form

Joint stock company

Business Sectors

Construction and real estate | Ihlas Construction Holding, Armutlu Holiday Resort, Kuzuluk Holiday Resort, İstanbul Gaziosmanpaşa Urban Transformation Project Mining | İhlas Mining Manufacturing and trade | İhlas Marketing Investment Holding (İhlas Home Appliances, KPT Logistics, Şifa Catering, Bicycle Marketing and Trading, İhlas Motor) Healthcare and education | Türkiye Hospital, İhlas Education Institutions

Ownership

Individual Owner

Ahmet Mücahid Ören

Ahmet Mücahid Ören has been the CEO of Ihlas Holding since 2013. He was born in 1972. He is the son of Enver Ören, founder of Ihlas Holding. Ahmet Mucahid Oren started his business career as the Technology Director of Türkiye newspaper. He managed Ihlas group’s investments and operations in such fields as construction, marketing, health and education. He served as the CEO and Deputy Chairman of Ihlas Holding between 1993 and 2013. He holds an American citizenship since 2001.

10.6%

Floating capital

In 1994 Ihlas Group was first listed in the public stock market.

86.4%
Media Outlets
Other Media Outlets

Other Print Outlets

Türkiye (5%)

Other TV Outlets

TGRT Haber TV, TGRT Belgesel TV

Other Radio Outlets

TGRT FM (1.46%)

Other Online Outlets

www.ihlas.net

Facts

Media Business

Media Business

Publishing | İhlas Gazetecilik A.Ş. / İhlas Journalism (56.55% shares), İletişim Magazine (97.10%), İhlas Gelişim Publishing (98%)
TV Broadcasting | TGRT News TV (98.96%), TGRT Digital TV / TGRT Documentary TV (99.63%)
Communications | İhlas Media Planning and Purchase Services (98.03%), İhlas Communication Services (20%)
Online | İhlas News Agency (88.57%), Digital Assets Visual Media and Internet Services (93.13%)

Business

Business

Publishing | İhlas Gazetecilik A.Ş. / İhlas Journalism (56.55% shares), İletişim Magazine (97.10%), İhlas Gelişim Publishing (98%)
TV Broadcasting | TGRT News TV (98.96%), TGRT Digital TV / TGRT Documentary TV (99.63%)
Communications | İhlas Media Planning and Purchase Services (98.03%), İhlas Communication Services (20%)
Online | İhlas News Agency (88.57%), Digital Assets Visual Media and Internet Services (93.13%)

General Information

Founding Year

1970

Founder

Enver Ören

Affiliated Interests Founder

Enver Ören, founder of Ihlas Holding A.Ş., was born in 1939. He attended Kuleli Military School and graduated from Istanbul University Faculty of Sciences. He received a scholarship from NATO to study in Italy. He founded the journal Hakikat which was later renamed into Türkiye Newspaper. Before that he worked as a lecturer at Istanbul University and was awarded a title of Honorary Doctor of Sciences from Konya Selcuk University. He died in 2013.

Employees

3124

Contact

Address: Merkez Mahallesi 29 Ekim Caddesi İhlas Plaza No:11 B/21 Yenibosna İstanbul

Phone: 0212 454 2000

Website: www.ihlas.com.tr

Tax/ ID Number

TradeRegistry No: 176956

Financial Information

Revenue (Financial Data/ Optional)

MD

Operating Profit (in Mill. $)

MD

Advertising (in % of total funding)

MD

Management

Executive Board + Interests Executive Board

Ahmet Mücahid Ören – the son of the founder, Enver Oren, Chairman, CEO of İhlas Yayın Hoding Zeki Celep – Vice chairman
Mustafa Erdoğan – Vice chairman of İhlas Yayın Hoding

Non-Executive Board + Interests Non-Executive Board

MD

Supervisory Board + Interests Supervisory Board

MD

Other Influential People + Interests Other Influential people

Ayse Dilvin Oren is the wife of Enver Oren, founder of İhlas Holding A.Ş. Mother of Ahmet Mucahid Oren, owner of Ihlas Group. She has 2.2 % of shares in Ihlas Group.

Further Information

Headlines

İhlas Holding CEO'su ve İcra Kurulu Başkanı Cahit Paksoy tutuklandı.

(18.08.2016) Milliyet. Retrieved in October 2016 from

http://www.milliyet.com.tr/ihlas-holding-ceo-su-cahit-paksoy-gundem-2296856/

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

Ayse Dilvin Oren, the mother of Ahmet Mucahid Oren is the third shareholder (2.22%) of the Ihlas Group, but has very little influence over the management. She leads a private life and it was not possible to find more information about her. There is information on the official website about the number of employees and the executive board. Shareholder structure is provided on the company website. Changes in the executive board can also be found in Turkish Trade Registry Gazette. Because the holding is publicly traded, detailed information on the finances and ownership can easily be found on their official website.

Sources

Turkish Trade Registry Gazette. The Union of Chambers and Commodity Exchanges of Turkey. Retrieved in August 26, 2016 from

http://www.ticaretsicil.gov.tr/english/

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