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Highlights

  • $150 million Murabaha financing to support infrastructure and tech investments
  • Five-year bullet structure aligns with Turkcell’s strategic funding diversification
  • Financing deal expands Gulf region investor participation in Turkcell’s capital strategy

Turkcell (NYSE: TKC, BIST: TCELL) Türkiye’s technology and communications provider, has signed a $150 million Murabaha financing agreement with Dubai Islamic Bank PJSC. The deal, based on Sharia-compliant interest-free financing principles, is structured as a five-year bullet maturity loan.

The agreement was signed in Istanbul in the presence of Turkcell CEO Dr. Ali Taha Koç, CFO Kamil Kalyon, and Dubai Islamic Bank's leadership, including Group CEO Dr. Adnan Chilwan and Chief of Investment Banking Ali Ahmad.

The transaction marks a continued effort by Turkcell to diversify its funding sources through a combination of Islamic financing, conventional loans, bond issuances, and sustainability-linked credit instruments. The proceeds from the facility are earmarked for infrastructure development and investments in data centers, cloud technologies, renewable energy, and broadband networks.

Dr. Koç emphasized that this latest financing supports Turkcell’s capital allocation across core and emerging technology sectors. He also noted that the deal may facilitate future financial collaborations in the Gulf region.

Dubai Islamic Bank’s Dr. Chilwan described Türkiye as a significant market within the bank’s cross-border strategy and expressed intent to explore further financing opportunities with Turkcell.

Turkcell has actively sought a balanced approach to managing its debt portfolio through instruments that include export credit agency facilities and development bank loans, alongside domestic and international bond issuances. The company’s financing mix aims to enhance balance sheet flexibility amid ongoing digital infrastructure investments.

With this transaction, Turkcell continues to expand its access to global capital markets, integrating regional financing models and aligning with non-interest-bearing structures in select markets. The financing is not expected to materially alter the company’s debt ratios in the near term.