Our company`s application for the issuance of Real Estate Certificates for the |||Damla Kent Project,||| which we will develop with the assurance of TOKİ on land owned by TOKİ in the Başakşehir district of Istanbul, within the scope of the |||Cooperation Protocol||| previously signed between our company and the Housing Development Administration of Turkey (TOKİ), has been favorably reviewed and approved by the Capital Markets Board (CMB) at its meeting dated July 23, 2025.
This issuance covers only the residential sections of the project, which comprises a total of 5,325 residential and 244 commercial units; the commercial units are excluded from the scope. In the public offering to be carried out within the project, a unit price of 7.59 TL has been determined, making real estate investment accessible to a wide range of investors. In this framework, the issuance of 1,923,481,773 certificates with a value of 14,599,226,657.07 TL, corresponding to 1,540 Units projected to be financed by certificates within Stage A of the project, is planned for the first phase. Should the additional sales right be exercised based on demand from investors, with the addition of 674 Units also projected to be financed by certificates within Stage B, the total offering size is expected to reach 2,214 Units, a value of 21,408,304,627.05 TL, and 2,820,593,495 certificates. This initial public offering, along with additional sales, will provide financing for 2,214 residential units of various types, ranging from 1+1 to 4+1, located in Stage A and Stage B of the project.
The compliance of the aforementioned real estate certificate issuance with Participation Finance Principles and Standards has been confirmed by the fatwa (icazet belgesi) of the ISFA Islamic Finance Advisory Committee, dated July 21, 2025, and numbered 2025/0077.
Detailed information regarding the public offering calendar will be shared separately with the public after the publication of the Prospectus Set, which will be approved by the Capital Markets Board.
Respectfully announced to the public.
Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.
In accordance with the Turkish capital markets regulations, in case of any discrepancy between the Turkish and English versions of disclosures, the Turkish language version which is published on the Public Disclosure Platform (Kamuyu Aydınlatma Platformu) shall prevail.
