Who Owns Altınay Defence? Hakan Altınay and the Ownership Structure (ALTNY)
Who owns Altınay Savunma Teknolojileri A.Ş. (Altınay Defence Technologies)? The company is controlled by its founder-family principal, Hakan Altınay, who holds a 60.01% capital stake and 79.15% of the voting rights, while the remaining 39.99% of capital is in free float on Borsa İstanbul under the ticker ALTNY. The gap between capital share and voting power is the single most important detail in Altınay’s ownership structure.
Who owns Altınay? The short answer
Altınay Savunma is a publicly listed company, but it is not widely held. Its principal shareholder is Hakan Altınay, who owns 60.01% of the issued capital and, thanks to privileged (higher-voting) shares, commands 79.15% of the votes at the general assembly. The company was founded in 2014 within the Altınay Teknoloji Grubu (Altınay Technology Group) and is headquartered at the Teknopark İstanbul campus in Kurtköy, İstanbul. It is a private-sector Turkish company — not state-owned and not foreign-controlled.
Ownership structure in numbers
The table below sets out the official ownership split by both capital and voting rights, based on the company’s published shareholding disclosure. Scroll horizontally on mobile.
| Shareholder | Nominal capital | Capital share | Voting rights |
|---|---|---|---|
| Hakan Altınay | TRY 600,101,235.38 | 60.01% | 79.15% |
| Free float / other | TRY 399,898,764.62 | 39.99% | 20.85% |
| Total issued capital | TRY 1,000,000,000 | 100% | 100% |
Why voting rights differ from the capital share
Altınay’s articles of association provide for privileged shares that carry enhanced voting weight. This is why Hakan Altınay’s 60.01% economic stake translates into 79.15% of the votes: control of the general assembly stays firmly with the founder even though roughly 40% of the equity is publicly traded. For minority investors, this means economic exposure to ALTNY without a controlling say — a common arrangement for founder-led defence and technology firms.
Group structure and subsidiaries
Altınay Savunma sits within the wider Altınay Teknoloji Grubu. Two aviation subsidiaries are frequently cited alongside it: DASAL Aviation Technologies, which develops unmanned aircraft (including the PUHU-C75 and PUHU-C100 cargo UAVs), and TAAC Aviation Technologies. These are group affiliates rather than divisions of Altınay Savunma A.Ş. itself, and they broaden the group’s footprint in unmanned and aviation systems.
ALTNY on Borsa İstanbul
Following its public offering, Altınay trades on Borsa İstanbul as ALTNY. The free float — the roughly 39.99% of capital not held by Hakan Altınay — is what changes hands on the exchange. Investors researching the ownership question should keep the capital-versus-votes distinction in mind, because it defines how much influence the public float actually carries.
| Altınay Defence — Ownership Fact Box | |
|---|---|
| Principal shareholder | Hakan Altınay |
| Capital share | 60.01% (TRY 600,101,235.38) |
| Voting rights | 79.15% (via privileged shares) |
| Free float | 39.99% capital / 20.85% votes |
| Issued capital | TRY 1,000,000,000 |
| Ticker | ALTNY (Borsa İstanbul) |
| Group | Altınay Teknoloji Grubu |
| Founded / HQ | 2014 · Teknopark İstanbul, Kurtköy |
Frequently Asked Questions
Who owns Altınay Savunma?
Its principal shareholder is Hakan Altınay, holding 60.01% of the capital and 79.15% of the voting rights. The remaining 39.99% of capital is publicly traded on Borsa İstanbul as ALTNY.
Is Altınay Savunma a public company?
Yes. It is listed on Borsa İstanbul under the ticker ALTNY, but roughly 60% of the capital and a controlling 79% of votes remain with Hakan Altınay.
Why does Hakan Altınay have more votes than shares?
Because the company’s articles include privileged shares that carry extra voting weight, lifting his 60.01% economic stake to 79.15% of the votes.
Is Altınay state-owned or foreign-owned?
No. It is a private-sector Turkish company within the Altınay Teknoloji Grubu; it is neither state-controlled nor foreign-controlled.
What is the free float of ALTNY?
About 39.99% of the capital (20.85% of votes) is in free float and traded publicly.
What are Altınay’s subsidiaries?
Group aviation affiliates include DASAL Aviation (PUHU-C75/C100 cargo UAVs) and TAAC Aviation Technologies.
When was Altınay founded?
In 2014, within the Altınay Teknoloji Grubu, with its headquarters at Teknopark İstanbul in Kurtköy.
Sources
- Altınay Savunma investor relations — shareholding structure (ortaklık yapısı), altinaysavunma.com
- Borsa İstanbul / KAP public disclosures (ALTNY)
- Altınay Savunma corporate pages and subsidiary pages (DASAL, TAAC)
