Who owns Roketsan? Is it a state-owned enterprise? Detailed explanation of the equity structure.
Roketsan Company is controlled by the Turkish Armed Forces Foundation (TSKGV), which holds a 55% stake; the remaining shareholders are ASELSAN (15%), MKE (15%), and VakıfBank (10%), with another 5% held by other holders. TSKGV is a military charitable foundation, thus Roketsan is under the control of a state foundation, not listed on the stock exchange, and ordinary investors cannot purchase its shares.
| Roketsan Equity Overview | |
|---|---|
| Full Name | Roketsan Roket Sanayii ve Ticaret A.Ş. (Rocket Industry and Trade Inc.) |
| Holding Entity | Turkish Armed Forces Foundation (TSKGV), holding 55% |
| Major Shareholders | ASELSAN (15%), MKE (15%), VakıfBank (10%) |
| Nature of Business | Military foundation holding company (state-owned background) |
| Publicly Listed | No – Not listed on the Istanbul Stock Exchange (BİST) |
| Established | June 14, 1988, Ankara |
| Headquarters | Ankara, Turkey |
| General Manager | Murat İkinci |
Who Owns Roketsan?
The holding entity of Roketsan is the Turkish Armed Forces Foundation (TSKGV, Türk Silahlı Kuvvetlerini Güçlendirme Vakfı), which holds 55% of the shares, thus having absolute control. This means that Roketsan is not a private enterprise nor a foreign company, but rather a company led by a public foundation associated with the Turkish military.
In addition to TSKGV, the other three major shareholders are electronic company ASELSAN (15%), mechanical and chemical industry company MKE (15%), and state-owned VakıfBank (10%), with the remaining 5% held by other parties. Therefore, Roketsan’s equity is highly concentrated within the Turkish state-owned and military foundation system.
Roketsan’s Shareholding Structure
The shareholding structure of Roketsan is clear and highly concentrated, with the vast majority of shares held by institutions related to the state and military. The controlling entity TSKGV holds more than half of the shares (55%), ensuring state dominance over this key defense industry enterprise; ASELSAN and MKE each hold 15%, further strengthening the cross-shareholding and collaborative relationships within Turkey’s defense industry; VakıfBank holds 10%, and the remaining 5% is held by other parties.
The table below lists the main shareholders and their shareholding ratios. It should be noted that these are the publicly disclosed shareholding frameworks, and specific share changes or undisclosed details are subject to the official announcements from Roketsan and TSKGV, with no speculation on parts not yet disclosed by the official sources.
What is TSKGV?
TSKGV (Turkish Armed Forces Foundation) is a non-profit foundation established in Turkey aimed at supporting and strengthening the national armed forces. It is the holding entity of Roketsan and a major shareholder in several core Turkish defense companies such as ASELSAN and TUSAŞ (Turkish Aerospace Industries).
In other words, TSKGV plays the role of the “mother” of the Turkish defense industry, unifying several key defense companies under a single state-owned foundation system through its shareholdings. This is why there is a close relationship of equity and collaboration between companies like Roketsan and ASELSAN, forming the basis of Turkey’s autonomous defense capabilities.
Is Roketsan a state-owned enterprise? Can its stocks be purchased?
From a holding structure perspective, Roketsan is 55% owned by the military non-profit foundation TSKGV, with state-backed institutions such as MKE and VakıfBank also holding shares, thus it can be considered a state-owned enterprise, rather than a private or publicly traded company.
It should be particularly noted that Roketsan is not listed on the Istanbul Stock Exchange (BİST) and is not publicly traded on any stock exchange. Therefore, ordinary investors cannot buy shares of Roketsan like they would for publicly listed companies. The company’s entire revenue comes from the sale of defense products. For specific data on its revenue and exports, any unannounced information by the official sources should not be speculated upon.
The equity ratios mentioned in this article are based on publicly disclosed information. Specific changes in shares or undisclosed details are subject to the official announcements of Roketsan and TSKGV; any information not yet disclosed by the official sources should not be speculated upon.
Frequently Asked Questions
Who owns Roketsan?
Roketsan is 55% owned by the Turkish Armed Forces Foundation (TSKGV). The other shareholders are ASELSAN (15%), MKE (15%), and VakıfBank (10%), with 5% held by other holders.
Is Roketsan a state-owned enterprise?
Yes. Roketsan is 55% owned by the military non-profit foundation TSKGV, with state-backed institutions such as MKE and VakıfBank holding shares, making it a state-owned enterprise rather than a private company.
Can Roketsan’s stocks be purchased?
No. Roketsan is not listed on the Istanbul Stock Exchange (BİST) or any stock exchange, and ordinary investors cannot publicly buy or sell its shares.
What is TSKGV?
TSKGV is the Turkish Armed Forces Foundation, a non-profit foundation aimed at strengthening the national armed forces. It is the main shareholder of several core Turkish defense companies, including Roketsan, ASELSAN, and TUSAŞ.
What percentage of Roketsan does ASELSAN own?
ASELSAN owns 15% of Roketsan, the same percentage as MKE. Both are part of the Turkish defense industry system.
Is Roketsan a foreign company?
No. The ownership of Roketsan is highly concentrated within the Turkish state and military foundation system, controlled by TSKGV, with no foreign ownership involved.
References
- Roketsan Official Website — roketsan.com.tr
- Turkish Armed Forces Foundation TSKGV — tskgv.org.tr
- Defense News Top 100 Global Defense Companies 2025
- Wikipedia (English) ROKETSAN Entry
