fund has gained the right to appoint five of the nine members of the board of Turkcell. On 26 November 2020, TWF announced selling %10 stakes of Borsa Istanbul to QIA which was previously acquired from EBRD The next day, Vice Chairman Albayrak announced his resignation, whom previously resigned from Ministry of Finance. On 10 March 2022, TWF acquired controlling stakes of Türk Telekom for 1.65B USD in order to resolve handover issues in 2026. Management Companies Licenses: Millî Piyango (for 49 years) Jockey Club of Turkey (for 49 years) References Sovereign wealth funds Government-owned companies of Turkey