Joint venture agreement with

Saudi Giant Al Rajhi Holding

TAV Airports Holding signed a joint venture agreement with Saudi Al Rajhi Holding in order to convey its expertise and success in the field of airport operation to Saudi Arabia. The agreement covers the realization of Build-Operate-Transfer projects regarding various airports in Saudi Arabia and the provision of their operation, maintenance and management services.

TAV Airports Holding signed a joint venture agreement with Saudi Al Rajhi Holding as the strongest company of the Middle East and North Africa region with thousands of employees, in industrial and service sectors among which real estate, contracting and infrastructure, construction solutions, industry, banking and financial service sectors are also included. The agreement covers the realization of Build-Operate-Transfer projects in various airports in Saudi Arabia and the provision of their operation, maintenance and management services.

CEO of TAV Airports Holding, M. Sani Şener, said, "TAV Airports has achieved the status of a demanded power in the world through its ever-increasing, quality human resources and continuously developing solid infrastructure in the field of airport operations. We will work shoulder to shoulder in many projects with the Al Rajhi Holding Group, with which we have collaborated in order to convey our service network to Saudi Arabia as well.” Şener, stressing that the TAV Airports Brand bears a high value in airport operation from Europe to Asia, from the Caucasus to Africa, said “We have the strength to do business and export know-how everywhere in the world in accordance with international norms. We will carry on taking steps in order to augment that strength.” Al Rajhi, Member of the Board of Al Rajhi Holding, said “The Al Rajhi Group has a very well organized holding structure financially. We are willing to increase our resources and knowledge even more by establishing strategic cooperation with partners such as TAV Airports. We are aware that TAV Airports Holding has a leading status in the world in Build-Operate-Transfer projects and operation, maintenance and management services regarding airports. Our intention is to transfer this important experience and expertise to our country as soon as possible by means of our partnership.”

ABOUT AL RAJHI

Al Rajhi Holding is the largest and the most successful group in its region operating in numerous business fields. The group has a reputation for its successful collaboration in various business fields among which real estate, contractor works and infrastructure, construction solutions, industry; banking and financial service sectors are included. Although most of the companies serving the group are located in Saudi Arabia, Al Rajhi Holding has been attracting attention, especially in the United Arab Emirates, with its strong status in infrastructure, real estate and construction fields. It also occupies an important place in the Middle East and North Africa Region. Project development, operation management, investment and company acquisitions are among the main areas of activity of the holding.

For more information about the Al Rajhi Holding Group:
www.Alrajhi-Holding.com.