Albayrak Holding

Last updated
Albayrak Holding
Private
Industry construction, waste management, transport and logistics, media
Founded 1952 [1]
Founder Ahmet Albayrak
Headquarters Istanbul , Turkey
Number of employees
10,000 [2]
Website www.albayrak.com.tr

Albayrak Holding is a Turkish conglomerate. For the first three decades it was a construction company, but since 1982 it has expanded into other sectors, including transport and logistics, waste management, and media. [1] It acquired the Yeni Şafak newspaper in 1997. [1]

Conglomerate (company) two or more corporations that fall under one corporate group

A conglomerate is the combination of two or more corporations operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large and multinational.

<i>Yeni Şafak</i> Turkish daily newspaper

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The company was founded in 1952 by Ahmet Albayrak, and until his death in 2010 was run by him and his six sons. [2] [3] [4] Nuri Albayrak was a partner at Yeni Şafak until he became President of Trabzonspor. [3] Mustafa Albayrak is Yeni Şafak's CEO. [5]

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