New update on İsdemir earthquake damage compensation

İsdemir, one of the OYAK group companies, published updates on the compensation process to be received from insurance companies within the scope of losses arising from the earthquake on February 6, 2023.

In the statement made by the company, it was reported that in addition to the two advance payments totaling USD 205 million, which were previously announced in the material event disclosures made on October 25, 2023 and March 11, 2024, an additional collection of USD 155 million will be made with a new agreement. Thus, it was stated that a total of USD 360 million worth of insurance claim settlement was reached and the total collection is planned to be completed by the end of 2024.