Profit Distribution Policy

Profit Distribution Policy

In principle, the Company has adopted the policy of distributing all of its distributable period profit in cash, to the extent permitted by the financial leverage ratios and the expectation of free cash generation for the future, including investment/financing needs and market projections, in accordance with the applicable legislation and the provisions of the Company’s Articles of Association. The profit distribution policy is reviewed annually by the Board of Directors according to the national and global economic conditions, the projects on the agenda of the company and the status of its funds.

Dividends are paid in equal or different installments until December 15 of the relevant calendar year, with the authorization of the Board of Directors at the general assembly meeting where the distribution is decided.

The General Assembly is authorized to distribute the Dividend Advance in accordance with the provisions of the relevant legislation.