Norway's Sovereign Wealth Fund Invests Over $1.7B in 79 Turkish Companies
Norway's sovereign wealth fund has invested over $1.7 billion in 79 Turkish companies as of the end of 2025, marking its largest-ever exposure to Türkiye. The fund, valued at nearly $2.2 trillion, significantly increased its Turkish investments from previous years, particularly in energy, banking, and defense sectors.
Key investments include approximately $121 million in three energy companies and $142 million in defense electronics firm ASELSAN. Other notable investments are $120.04 million in Birlesik Magazalar AS, $117.39 million in Akbank, and $91.79 million in Tupras.
The fund holds a 3.46% stake in MLP Saglik Hizmetleri AS valued at $58.47 million. Since its initial investments in 2001, the fund has steadily increased its Turkish equity holdings, reaching $1.5 billion in 2024. The fund reported a profit of 2.36 trillion Norwegian kroners ($247 billion) in 2025.
