Loss-making Türkiye Sigorta may also be unable to distribute dividends!

Türkiye Sigorta disclosed its long-delayed financial statements after receiving an extension from the Capital Markets Board (SPK), revealing a loss that may prevent the insurer from paying dividends. The filing follows the resignation and subsequent arrest of general manager Taha Çakmak, which had forced the company to postpone its reporting. The loss puts the state-backed insurer's dividend plans in doubt, a key concern for investors who had counted on payouts. Watch for the SPK's response to the late filing and any further regulatory scrutiny, along with management's guidance on capital and dividend policy.