Akfen GYO buys back 3.70 million shares. Akfen GYO stock sits 23.20 percent below its high

Published on 10/14/2026 at 03:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The program reached 35.44 million shares on October 13, 2026. Akfen GYO stock stood at TRY 2.45 on October 12, 2026, 23.20 percent below its high.

Buyback program expands

Akfen GYO completed a 3.70 million share repurchase on October 13, 2026.
The program had accumulated 35.44 million shares, equal to 0.91 percent of capital.
The program can continue through December 31, 2026, with TRY 200.0 million allocated.
Akfen GYO had a TRY 10.1 billion market capitalization as of October 5, 2026.

Akfen GYO, TREAKFG00012, Illustration mit AI erstellt.

Akfen GYO (ISIN TREAKFG00012) bought back 3.70 million shares on October 13, 2026, lifting the program total to 35.44 million shares, or 0.91 percent of capital, according to Hibya News Agency.

Three buybacks raise the total

On October 8, 2026, Akfen GYO repurchased 3.25 million shares and reported a cumulative 27.56 million shares, according to Hibya News Agency. On October 12, 2026, a further 2.18 million shares lifted the cumulative total to 31.74 million, the agency reported in a separate release.

The October 13 transaction was the third dated step in this sequence, adding 3.70 million shares and taking the cumulative total to 35.44 million. The pace gives the buyback program a visible operating footprint before its scheduled end.

What does the program cover?

According to Borsatek on October 13, 2026, the program runs from September 17 through December 31, 2026, covers up to TRY 60.0 million nominal value and has TRY 200.0 million in funding. The accumulated repurchases represented 0.91 percent of capital, compared with 0.81 percent after the October 12 transaction.

Tourism assets add a second angle

Akfen GYO also completed a partial demerger registered on October 2, 2026, transferring the Bodrum Loft vacation village asset and related rights to wholly owned subsidiary Time-in Turizm Yat?r?mlar?, according to The Globe and Mail. The new subsidiary has paid-in capital of TRY 1.09 billion and will operate, lease and invest in tourism and accommodation assets.

Stock valuation and market context

Akfen GYO stock closed at TRY 2.45 on Borsa Istanbul on October 12, 2026. Against the 52-week high of TRY 3.19, the share price was 23.20 percent lower; the 52-week low was TRY 2.32. Market capitalization stood at TRY 10.1 billion on October 5, 2026.