Albayrak Group, known to have close ties to the ruling AKP 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 a businessperson. He was born in Bolu in 1951. He was among the founders of Ensar Foundation and its president for 21 years until he passed away in 2011. In 1995, he bought the publishing rights of Yeni Şafak newspaper (which was 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 Recep 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 the secretary general of MUSIAD for 11 years, he was elected its president by acclamation in 2004. He is currently a member of the Higher Advisory Board of MUSIAD. Since may 2000, he has been serving as the CEO of the Albayrak Group. He became a vice president of economic affairs of AKP in 2012.
Affiliated Interests Editor-In-Chief
Hüseyin Likoğlu, who graduated from Istanbul University Faculty of Communication, started journalism in 1997 at Anadolu Agency. He worked as Samsun Regional Manager at Anadolu Agency. He returned to Yeni Şafak Newspaper in January 2014 as Ankara News Director. Hüseyin Likoğlu is also a columnist for Yeni Şafak newspaper.
Other Important People
Affiliated Interests other important people
Maltepe Mah. Fetih Cad. No:6 Dk:4, Cevizlibağ Sk., 34010 Zeytinburnu İstanbul, 0212 467 65 00, 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
Albayrak Group is a joint venture of Ahmet Albayrak and his brothers Bayram Albayrak, Nuri Albayrak, Kazım Albayrak, Mustafa Albayrak and Muzaffer Albayrak. He started his commercial life in the construction sector in 1952 with the initiative of Hacı Ahmet Albayrak. According to the Trade Registry Gazette, Albayrak brothers, each of them, has 6.6% of the shares (Board of Directors Decision, 21 November 2017)
Albayrak Group operates in port management, construction, public transportation, waste management and real estate sectors internationally.