Dogus Oto EV

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IFC is considering a loan of up to €130 million (m) to support Dogus Otomotiv Servis ve Ticaret A.S. (“Dogus Otomotiv” or the Company) to finance the purchase of electric vehicles (EV), thereby reducing the proportion of Internal Combustion Engine (ICE) vehicles in its sales mix and finance its working capital and/or other corporate needs (the Project). The company is publicly listed on the Istanbul Stock Exchange (ISE) and a subsidiary of Dogus Holding of Türkiye where Dogus Holding remains the majority shareholder. Dogus Otomotiv was founded in 1994 as Dogus Holding’s automotive distribution, sales, and service arm. The company operated as a private entity up until 2004, when it went public on the ISE and has been publicly trading since then. Dogus Otomotiv has approximately 2000 employees and three subsidiaries: Dogus Oto Pazarlama ve Ticaret AS, the retail outlet of Dogus Otomotiv, Dogus Sarj Sistemleri Pazarlama ve Ticaret AS (D-Sarj), a recently established electric vehicle charging network company, and Dogus Gayrimenkul Yatirim Ortakligi A.S., a recently acquired real estate investment trust company. Dogus Oto offers sales of new vehicles, used vehicles, spare parts, accessories, and after-sales services for seven brands of vehicles (VW Passenger Car, Audi, Seat, Cupra, Skoda, Porsche and VW Commercial Vehicle brands) in the provinces of Istanbul, Ankara, Bursa and Kocaeli .