SHA-RA Energy Submits IPO Application to Capital Markets Board
Foreks - ŞA-RA Energy, one of the leading companies in the Turkish industrial and energy sector, announced that it has applied for a public offering to the Capital Markets Board (CMB) in line with its growth targets during this special period as it prepares to celebrate its 40th anniversary.
As a pioneer in the industry and energy sector, ŞA-RA Energy has officially submitted its application for a public offering to the CMB to further advance its 40-year success story and achieve sustainable growth objectives. Operating in a wide range of areas, including energy transmission lines, substations, telecommunications projects, and highway guardrail systems, ŞA-RA Energy aims to accelerate its national and international growth targets through the public offering.
With the public offering, the company plans to focus on the modernization of energy transmission lines, capacity enhancement, and investment in innovative technologies. Additionally, it is stated that renewable energy projects and initiatives aimed at reducing carbon footprints will be among the focal points of this process.
R. Mertay Türk, Chairman of the Board of Directors of ŞA-RA Energy, commented on the public offering process:
"As a company, we have achieved significant successes in the energy sector with over 40 years of experience. We are one of the pioneering firms in Turkey that produce all components of energy transmission lines and carry out turnkey projects, and we take pride in being the first company to conduct a public offering in this sector in Turkey.
Our decision to go public is a strategic step we have taken in line with our growth objectives. We see this as a significant turning point to realize our growth goals both in Turkey and on the international stage. This process will not only enhance our financial strength but will also enable us to reach a broader investor base with sustainable and innovative projects."
A 40-Year Legacy Supported by Global Success
Founded in 1985, ŞA-RA Energy is a company that produces products such as energy transmission lines, substations, telecommunications projects, and highway guardrail systems and operates in a wide range of sectors. To date, ŞA-RA Energy has completed numerous transmission line projects with a total of 6,881 kilometers of energy transmission lines in Turkey and has established itself as a proven brand globally with its export network spanning 120 countries, making it one of Turkey's largest 500 industrial enterprises.
With nearly 1,500 employees and a total of 9 main factories, ŞA-RA Energy has an annual production capacity of 592,000 tons. The company holds approximately 50% market share in the domestic market for its produced products and continues to make a difference in the energy sector with its sustainability, engineering, and innovative solutions.