The Türkiye Wealth Fund is a Türkiye-based sovereign wealth fund established on 26 August 2016 under Law No. 6741 to manage state-owned companies and enterprises under a single roof. As a development fund, it aims to increase the value and efficiency of the companies in its portfolio. Türkiye Wealth Fund Management Inc. was established to carry out its operations.
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With an amendment to the National Real Estate General Communiqué, institutions at least 15 percent of whose capital belongs to the Türkiye Wealth Fund will be able to obtain direct usage permits for Treasury immovables without public notice.
The Treasury and Finance Ministry convened the Financial Stability Committee, and the Central Bank (TCMB) raised repo funding to 300 billion lira. According to reports citing Reuters, the Central Bank sold approximately $5 billion on Wednesday; the Türkiye Wealth Fund was reported to have made purchases on the stock exchange.
