ISTANBUL: Turkcell (NYSE: TKC) (BIST: TCELL), Türkiye’s leading technology and communications company, has obtained $150 million in Murabaha financing from Dubai Islamic Bank PJSC, a prominent financial institution in the Gulf region. The funding will support Turkcell’s infrastructure investments and long-term growth strategy.
Turkcell Chief Executive Officer Dr. Ali Taha Koç said the company remains committed to bringing cutting-edge technology to Türkiye and providing high-quality service to customers.
“This transaction, based on interest-free Murabaha principles, will accelerate our infrastructure investments and serve as a significant resource to support our long-term growth objectives,” Koç said at the signing ceremony. “It also demonstrates the strong investor appetite for Turkcell in the Gulf region.”
The agreement, which expands Turkcell’s investor base, aligns with its diversified financing strategy, which includes conventional and Islamic financing, international and local bond issuances, and sustainability-linked financial instruments.
Turkcell CFO Kamil Kalyon, Dubai Islamic Bank Group CEO Dr. Adnan Chilwan, and the bank’s Chief of Investment Banking Ali Ahmad were present for the signing ceremony in Istanbul.
Koç highlighted Turkcell’s ongoing investments in key areas such as data centers, cloud technologies, and renewable energy, in addition to core telecommunications services. He emphasized that the Murabaha-based financing structure strengthens Turkcell’s financial positioning and opens doors to further collaborations across the Gulf region.
Dubai Islamic Bank’s Group CEO Dr. Adnan Chilwan expressed confidence in building a long-term partnership with Turkcell. “Türkiye is a key pillar of DIB’s cross-border strategy, and we are delighted to support Turkcell in its growth plans,” Chilwan said. “I am confident we will continue to work together on more landmark transactions.”