BAYEGAN Extends Partnership with Tasnee

BAYEGAN and Tasnee, Saudi Arabia's leading petrochemicals producer, signed a contract extending their long-standing business partnership. BAYEGAN will continue as Tasnee's exclusive distributor in Turkey. Within the framework of the Turkey-Saudi Arabia Investment, Tourism and Business Forum, where projects to strengthen relations between Turkey and Saudi Arabia were evaluated, BAYEGAN and Tasnee participated together in a roundtable meeting attended by Treasury and Finance Minister Mehmet Şimşek and representatives of the Saudi Ministry of Investment. Following the renewed momentum in commercial relations between Turkey and Saudi Arabia, bilateral trade volume reached USD 6.8 billion. Petrochemical raw materials hold the largest share within this trade volume. Within the framework of the Turkey-Saudi Arabia Investment, Tourism and Business Forum, a contract extending the 10-year Turkey exclusive distributorship agreement between BAYEGAN, which conducts global supply, marketing, sales and distribution activities in Turkey's petrochemicals sector, and Saudi giant Tasnee, was signed in a ceremony.

BAYEGAN Chief Executive Officer Burcu Olcay Üstüner, highlighting the importance of mutual trust in the productive business relationship spanning over 10 years with Tasnee, continued as follows:

"We participated as BAYEGAN alongside our business partner Tasnee in a roundtable meeting where projects to strengthen relations between Turkey and Saudi Arabia were evaluated, attended by our Treasury and Finance Minister Mehmet Şimşek and representatives of the Saudi Ministry of Investment. During this process of mutual agreements between the two countries, we are delighted to continue developing our long-term business relationship with Tasnee. Through these initiatives that create added value for our sector, the growth of our country's regional and global influence represents an important achievement."