TURKIYE: Ziraat Katilim Bank has applied to the Capital Markets Board of Turkiye (CMB) to transition to the registered capital system and amend its articles of association as the first step toward a planned public offering. If approved, the listing would make Ziraat Katilim the first participation bank in the country to go public, with the offering to be carried out through a capital increase and without any divestment by existing shareholders.
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