Turkish technology and communications giant Turkcell has obtained $150 million in Murabaha financing from Dubai Islamic Bank, a leading Gulf financial institution. Murabaha, an Islamic cost-plus financing structure, involves mutual agreement on asset cost and markup.
This strategic financing agreement aims to support Turkcell’s infrastructure investments and long-term growth plans. The deal diversifies Turkcell’s investor base and enhances its debt portfolio by blending conventional and Islamic financing with international and local bonds, development bank loans, export credit facilities, and sustainability-linked financing.
Turkcell emphasizes that this diversified approach strengthens its financial foundation, optimizes resource use, and bolsters financial resilience, crucial for proactive balance sheet management and sustainable growth.
At the signing ceremony, CEO Dr. Ali Taha Koç highlighted Turkcell’s current investment focus on data centres, cloud technologies, renewable energy, and strengthening core telecom services including mobile and fixed broadband. He described the five-year bullet-structured financing as a gateway to new Gulf investors, reinforcing Turkcell’s commitment to sustainable, diversified growth.
