HISTORY

Yesil Holding brings together publicly traded companies and affiliated subsidiaries in the fields of construction, energy, telecommunications, services, and production, based in Turkey and America.

In the construction sector, Yeşil Holding’s publicly traded affiliate, Yeşil GYO, is a portfolio management company established in 1997 to invest in real estate and real estate projects, having set many firsts in the industry with its focused structure. Yeşil GYO, whose shares have been traded on the Istanbul Stock Exchange since 1999, is a founding member of the Real Estate Investment Trust Association and the first and only REIT in Turkey to receive an institutional rating of 9.02 out of 10.

Yeşil GYO, which also includes Innovia—Turkey’s largest project with 14,000 housing units—aims to convert its portfolio into a rental income-indexed investment model for maximizing dividends in the new era, considering that the rental income covering housing investment in Turkey has reached levels comparable to Europe.

Since 2001, Yeşil İnşaat has been known for its innovative, high-impact projects, delivering over 8,000 units within the 14,000-unit Innovia development. Under the motto “We don’t just build structures — we build life,” Yeşil İnşaat has completed branded projects across various sectors. In 2012, Yeşil İnşaat was acquired by another publicly listed group company, Yeşil Yapı, and restructured under a new entity.

Founded in 1979, Yeşil Yapı signed its first international contract in the construction field in 1980. In addition to numerous projects in Turkey, Yeşil Yapı has completed many projects in Azerbaijan, Georgia, Russia, Lithuania, Bosnia, Libya, and Saudi Arabia, and has strategically focused on Africa and the Middle East. Yeşil Yapı became the first construction company to go public on Borsa Istanbul in 1993.

Yeşil Holding has significantly expanded its investments in renewable energy through its subsidiary Yeşil Global Enerji (formerly Ortadoğu Enerji). The company operates Turkey’s largest landfill gas (LFG) power plants at sites in Odayeri (Kemerburgaz), Kömürcüoda (Şile), and Solaklar (Kocaeli). Since winning the tender for electricity generation from landfill gas launched by İstaç A.Ş., a subsidiary of the Istanbul Metropolitan Municipality, in 2007, it has continued its operations. In addition to its investments in wind energy, Yeşil Global Enerji is also pursuing geothermal energy projects to produce energy from underground sources.

Yeşil Holding’s telecommunications operations are primarily based in the U.S., handling over 10 billion minutes of calls annually via software developed in-house. Its first telecom initiative, Tel3.com, has offered long-distance services to end-users since 1994. With Phonetime, whose shares are traded on the Toronto Stock Exchange (TSX), and Next Communications, which offers infrastructure services to mobile and fixed telecom operators. Yeşil Holding also provides infrastructure services between America and Mexico through Asiya Communicasiones, one of the 11 companies in Mexico holding a private telecom connection license.

Renco, a key indicator of the group’s innovation-driven strategy, holds patents for composite products used primarily in construction. Holding a priority position among the group’s non-public companies, Renco has over 20 years of experience in the design, research and development, and production of its products. It delivers services with the technical capability, expertise, and a “truly high-quality” approach that covers all phases—from the initial design, material selection, production, to assembly—internally.

Launched in January 2017, Wowwo is the group’s latest venture — a disruptive business model enabling used car purchases via promissory notes, without traditional bank loans. Wowwo, whose success trajectory has been rising every day, multiplied its turnover 100-fold within one year, achieving growth rate targets well beyond expectations. In the process, it has become a frequently mentioned name in the industry. With thousands of partner dealerships across 30 provinces and tens of thousands of vehicles, Wowwo has become Europe’s leading used vehicle marketplace. With a professional team of hundreds, it provides the highest quality standards in every aspect from CRM to after-sales services to its customers and business partners.

For more detailed information about Yeşil Holding’s investments, please refer to the relevant sections of our website.