Gong Rang for Real Estate Investment Funds of Albaraka Portfolio

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1. Press Release 29 November 2017 GONG RANG FOR REAL ESTATE INVESTMENT FUNDS OF ALBARAKA PORTFOLIO ! Batışehir, One Tower and Dükkân Real Estate Investment Funds, in which Albaraka Portfolio Management is the founder, started to be traded in Borsa Istanbul. Albaraka Portfolio Management, the founder of Turkey's largest real estate investment fund, offered three real estate investment funds for qualified investors in Borsa Istanbul. With the gong ceremony held on Wednesday, 29 November; Batışehir, One Tower and Dükkân Real Estate Investment Funds (REIF) started trading in Qualified Investor Trading Market with the codes of "ALBTS", "ALONE" and "ALDUK". Investors will be able to access the shares of Batışehir, One Tower ve Dükkân, real estate investment funds of Albaraka Portfolio Management, through the stock market and will be able to follow their prices instantly. Albaraka Portfolio, currently the leader of the largest real estate investment fund in Turkey, aims to make a significant contribution to their liquidity through the offerring of real estate investment funds to investors in the stock market. Albaraka Portfolio, founded in 2015 as a wholly owned subsidiary of Albaraka Türk which is the pioneer in the participation banking sector with 30 years of experience in Turkey, operates in the fields of investment fund foundation and management, investment consultancy and pension fund management. In the Gong Ceremony for Batışehir, One Tower and Dükkân Real Estate Investment Funds; Himmet Karadağ, Chairman of Borsa Istanbul, Melikşah Utku, General Manager of Albaraka Türk, Osman Akyüz, Board Member of Albaraka Türk, Muhammed Emin Özer, General Manager of Albaraka Portfolio Management, Mustafa Büyükabacı, Chairman of Albaraka Türk Audit Committee, were among many other attendees within the financial sector.
2. “THESE FUNDS ARE VERY IMPORTANT” Himmet Karadağ, Chairman of Borsa Istanbul, emphasized in the cerenomy that Albaraka is bringing its deep experience on Islamic Finance to the stock market with a very important new product today while these products are also creating value as examples for other portfolio management companies. Himmet Karadağ expresssed that “the new real estate investment funds listed on the Stock Exchange of Albaraka today are very important for sustainable financing of real estate sector which has a strong place in the Turkish Economy. Moreover, because these funds are unique in their field, they also deserve innovation award. I would like to thank Albaraka Portfolio again for introducing these new products to the participation banking and to the stock market for steps taken in the name of the realization of the real estate and the presence in capital markets. I wish good luck for the capital markets, the participation community and the stock market.”. VALUE OF THREE REAL ESTATE INVESTMENT FUNDS IS 1.1 TL BILLION Melikşah Utku, General Manager of Albaraka Türk, spoke at the ceremony and stated that Albaraka aims to make a significant contribution to our liquidity by offering Albaraka Portfolio Real Estate Investment Funds to investors in the stock market. Melikşah Utku also stated that "Investors will be able to access the shares of Batışehir, One Tower ve Dükkân, real estate investment funds of Albaraka Portfolio Management, through the stock market and will be able to follow their prices instantly. Total value of our three projects regarding funds is 1.180 TL Billion. Now we are managing the largest real estate portfolio in Turkey. For the first time, real estate investment funds are listed in the stock exchange with this initiative. Moreover, these funds are the first investment funds to be traded in the stock market apart from exchange traded funds. For this reason, we believe that we have opened a good door. We hope that this mechanism will also be considered in terms of venture funds.". FIRST REAL ESTATE INVESTMENT FUNDS TRADED IN THE STOCK MARKET Muhammed Emin Özer, General Manager of Albaraka Portfolio Management, said that: “For the first time in Turkey, a real estate investment fund is traded in the stock market and these funds are interest-free funds launched by Albaraka in accordance with participation banking principles. Turkey's largest real estate investment funds, with total value of 1.180 TL Billion, are trading in the stock market as of today. The qualified investor trading market was opened for the first time for Real Estate Investment Funds of Albaraka. One of the funds started to be traded today is Batişehir REIF with 295 Thousand shares and 320 TL Million portfolio size. It includes 379 independant units, which are intensively residential, and was established for 10 years as a term fund. Batışehir, a project of Emlak Konut – Ege Yapı, attracts attention as a living brand project with an international award. Our other investment fund is Onetower REIF. This fund was established for 7 years as a term fund with 395 Thousand shares and 413 TL Million portfolio size. It is a very prestigious brand project in Oran district of Ankara. Again this is also a living and completed project. Our last project Dükkân REIF has 390 Thousand shares and 402 TL Million
3. portfolio size . This fund includes intensively commercial real estates and completed brand projects;İstwest in Basın Express, Istanbul, Mai Residence in Kartal, Istanbul and Metropol which is a project of Emlak Konut in Ataşehir, Istanbul. With this REIF, we aim to make investment to commercial real estate sector possible by stock market channel and let investors to increase their portfolio diversity.”