Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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oda_ExplanationTextBlock| | Otokar has signed an export contract amounting to USD 1,472,080,360 for the procurement of various types of wheeled armored vehicles including integrated logistics support services for these vehicles. The contract will be effective after the necessary official approvals are received, the letter of guarantee transactions are completed and the advance payment is received. In order to secure our contractual obligations and the advance payment to be obtained, bank letters of guarantee totaling USD 441,624,108 will be provided to the customer. Deliveries of the vehicles are planned to be started in 2027 and completed within 3 years in batches and the contract will remain in force for 7 years. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. | ||||||||
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.
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