SASA's renewable energy investment is now operational.

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SASA's renewable energy investment is now operational.

SASA Polyester Sanayi A.Ş. (SASA) has successfully completed its Land GES project in the Şehitkâmil district of Gaziantep, launching a facility with a total installed capacity of 45.7 MWp. With this $25 million investment, the company has begun to meet approximately 20% of its annual electricity consumption from renewable energy sources. This project aligns with SASA's sustainability goals and is a strategic initiative to reduce energy costs and environmental impacts, while also decreasing dependence on external energy sources in its production processes.

In an update on the share buyback program, SASA's existing program will conclude on the date of the first general assembly meeting as per the Capital Markets Board's decision dated August 1, 2024. The completed transactions from the buyback initiated on March 8, 2024, will be presented to shareholders at the upcoming assembly. The Board of Directors has decided to propose a new buyback program, compliant with the CMB's regulations, for shareholder approval. Additionally, it has been determined that no dividend will be distributed due to a reported net loss of 9 billion 32 million TL for the same period, which will be carried forward to previous years' losses.