RAL Yatırım Holding A.Ş., which trades on Borsa İstanbul under the ticker RALYH, has notified the Public Disclosure Platform (KAP) that it has filed for a concordat. The Ankara 2nd Commercial Court of First Instance has granted a 3-month temporary grace period for the company, effective as of October 19 at 17:10.
According to the company's statement, the concordat application was made on October 16. The court decision was taken within the scope of Articles 286 and 287 of the Enforcement and Bankruptcy Law. RAL Yatırım Holding announced that it had delayed the public disclosure of the application in order to protect the legitimate interests of the company and its investors.
In the KAP statement, the reasons for the concordat application were cited as difficulties in accessing financing and short-term liquidity pressure. The company stated that the precautionary measure taken against its main shareholder is independent of the company's legal entity and operations; however, it has negatively affected the approach of financial institutions.
The statement noted that financing opportunities with banks and brokerage firms have narrowed significantly, and the ordinary functioning of existing financial relationships has been disrupted. It was also noted that the inability to sufficiently secure expected financial and operational cooperation opportunities in business and projects carried out with public institutions has increased the pressure on cash flow.
SHARES FELL TO FLOOR PRICE
Following the concordat announcement, RALYH shares experienced a sharp decline. The stock, which trades on Borsa İstanbul, finished the day with a 10 percent loss at 21.78 TL. The previous closing was at the 24.20 TL level.
The stock's lowest and highest prices during the day were also recorded at 21.78 TL. Thus, RALYH closed the day at the floor price level. According to historical price data, the loss in the stock, which rose to around 390 TL in 2026, exceeded 94 percent compared to its peak as of October 19.
RAL Yatırım Holding reported that its equity was 9.2 billion TL in its consolidated financial statements dated June 30, 2026. Investment properties constitute 28.5 percent of the company's balance sheet assets, while 50.3 percent consists of tangible fixed assets, largely composed of ongoing and completed projects and investments.
The company argued that the concordat application did not stem from its assets or operations losing their economic value. The statement indicated that the situation arose due to difficulties in accessing financing and liquidity pressure that developed independently of operational performance.
It was announced that as of June 30, 2026, there were 3.6 billion TL in bank loans on the consolidated balance sheet, of which approximately 2.5 billion TL was utilized by its 51 percent subsidiary, Ral Enerji A.Ş. It was stated that these loans were primarily intended for the financing of energy investments.
RAL Yatırım Holding stated that it views the concordat process not as a step toward ending its operations, but as a legal and financial protection mechanism to preserve its asset structure, restructure financial obligations, and ensure the uninterrupted continuation of its activities.
The temporary grace period decision does not mean that the concordat request has been definitively accepted or that the restructuring of debts has been completed. The continuation of the process will depend on the evaluations to be made by the court in the coming stages.
News Source: 12punto
