Nurol Holding Inc.

Founded in 1966 as a construction and contracting company under the name NUROL Construction, NUROL Holding is today a growing and developing group thanks to the investments made together with its affiliated companies operating in various sectors, all of which were founded with productivity and quality in mind.

NUROL HOLDING was established in 1989 under the leadership of its founders, brothers Nurettin ÇARMIKLI, Erol ÇARMIKLI and M. Oğuz ÇARMIKLI, and has been carrying out its operations continuously, through companies structured within a variety of sectors, such as construction and contracting in particular, as well as defense, mining, real estate investment, finance, tourism, energy, trade and services, both at home and abroad.

NUROL has been carrying out its operations in Turkey in a manner worthy of its reputation since its establishment, while striving to undertake successful projects abroad and to represent Turkey in the best possible manner, without compromising on universal values. The Holding’s primary objective, shared by close to 40 subsidiaries, affiliates, branches and project partnerships and around 15,000 employees, is to make maximum use of its capacity and to create jobs and added value for the national economy, while efficiently managing risks through a balanced portfolio.

NUROL Construction, the flagship of the NUROL Group of Companies, is included on the Top International Contractors list published by the US “Engineering News Record”, and operational areas of our company in the context of reference projects include domestic and international infrastructure projects, highways, expressways, railway and metro systems, tunnels, gas/oil pipelines and related facilities, irrigation/drainage systems, dams and hydroelectric power plants, water supply and waste water systems, urban/industrial treatment plants and landfills, turn-key production plants and industrial complex projects, industrial parks, business and trade centers, high-end/mass housing and social center projects, as well as hotel, holiday village and tourist facility projects.

Serving the Turkish defense sector primarily through its modern factories and facilities and its advanced technological infrastructure and high production capacity, NUROL Makina, NUROL Teknoloji, FNSS and NUROL BAE Systems (BNA) continue their design, engineering and production works in an efficient, reliable, innovative and indigenous manner in line with the demands of the sector, offering integrated solution packages that are tailor-made to suit the requirements of the user.

Nurol Makina is the most effective company in Turkey in terms of competitive capacity in the international arena in the 4x4 Tactical Wheeled Armored Vehicles market segment, with over 1,500 vehicles operating in nearly 20 countries, from South America to the Far East, from the African continent to Europe, in the international arena.

As the sole producer of advanced technology ceramics in Turkey, Nurol Teknoloji has put Turkey on the map, alongside the few countries in the world that can produce Boron Carbide ballistic ceramics thanks to the Boron Carbide manufacturing capabilities developed in-house, and produces advanced technology ballistic ceramics and hybrid ballistic protective armor solutions for our allied nations around the world, but primarily for the Turkish Security Forces, under a single roof in three production facilities located in Ankara.

FNSS Savunma Sistemleri A.Ş. is a globally recognized land systems company that specializes in the design and production of tailor-made, effective, reliable and innovative wheeled and tracked armored combat vehicles, and has delivered more than 4,000 such vehicles to domestic and international users to date.

TÜMAD Mining launched its activities in 2011, and undertakes an important social task with the added value it brings to the country’s economy and the employment it creates by processing the underground riches of our country, with activities carried out adopting the sustainable mining criteria as the guiding principle.

The Group of Companies is managed through the Coordination Offices affiliated to the Chairman and Vice-Presidents of the Board of Directors and the General Managers of affiliated companies, in line with corporate governance principles, while control, coordination and supervisory activities are steered from the HOLDING headquarters. The headquarters of the HOLDING are located in Ankara, which is home to the head offices of most of the Holding companies, including those engaged in mining, energy, tourism, trade, services, and, in particular, defense, whereas NUROL Construction, NUROL GYO and NUROL BANK are headquartered in Istanbul. Having achieved sustainable growth by renewing its short-, medium- and long-term goals in line with its strategic targets in the sectors in which it is engaged, NUROL now aims to continue its investments in the domestic and foreign markets with a stronger structure, preserving its solid presence in the sectors in which it operates.

NUROL Holding’s consolidated assets exceeded TRY 48.3 billion as of 31 December 2021, while in the same period the turnover of the Group was TRY 12.3 billion, with TRY 21 billion targeted for 2022.

In addition to its commercial activities, NUROL has been mapping out strategies and taking part in various projects with a view to resolving social problems and improving contemporary living standards. Drawing upon its sense of corporate social responsibility, the Group of Companies has made it its mission to serve society together with its employees, with priority given to people and the environment.

Thanks to the high-ranking brand quality they have create with more than 50 years of experience in business, the ÇARMIKLI Family continues to oversee the activities of one of Turkey’s leading groups, and continues to act in line with the requirements of the era, while preserving its commitment to traditions and synchronizing its corporate and family values. Since the day of its establishment, the Nurol Education, Culture and Sports Foundation, founded by the ÇARMIKLI Family, has persistently strived to develop our nation’s values by supporting the development of education, culture and the arts, all of which play an important role in the development of a country.

Since the day of our foundation, the Nurol Group of Companies has been acting in accordance with its corporate policies and has fulfilled the requirements in regards to the environment, working standards and human rights, as set out in the United Nations Global Compact, while continuing to increase the level of implementation in these areas. Considering that our activities, which we carry out in accordance with the principle of continuous improvement, contribute not only to our Group of Companies, but also to the radical transformation of the national economy, we attach great importance to the continuity of the value chain.