Koc Holding

Based in Istanbul, Koc Holding is widely regarded as one of Turkey's flagship conglomerate operators. Its scale — about 96k people, around $72B in turnover — translates into genuine strategic weight across Middle East & North Africa.

Talent density and engineering culture have become a quiet competitive moat, particularly as the sector consolidates around fewer global champions.

“Koc Holding is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Governance upgrades and a more transparent disclosure cadence are gradually narrowing the historical valuation gap with global peers.