Registry · SAHOL
Does Hacı Ömer Sabancı Holding A.Ş. support Israel?
Yes — Hacı Ömer Sabancı Holding A.Ş. has documented support for Israel on record. Every claim below links to its source.
Filed under: Tech companies · Banks & financial companies · Companies that support Israel
Background
Hacı Ömer Sabancı Holding is Turkey's second-largest industrial and financial conglomerate, with Akbank, Enerjisa, Kordsa, Brisa, Teknosa and Çimsa among its companies. Its Israel record is commercial and, in the main, closed: a controlling equity stake in the Israeli cybersecurity firm Radiflow bought in 2022 and given up in May 2025 at a loss of about USD 5 million; cement shipments from jointly controlled Akçansa reported in April 2024 during the partial Turkish export restrictions, which the Ministry of Trade disputed; and a 1999 Kordsa purchase that moved Israel's only cord fabric plant to Turkey. No donation, sponsorship, foundation grant or supportive statement toward Israel or the Israeli government by Sabancı Holding is on record. Brisa (Sabancı–Bridgestone) and Akbank, both frequently named in Turkish boycott chatter, have no documented Israeli capital, ownership link or operation. Note the attribution carefully: a holding company is not its affiliates, and Akçansa was a joint venture with Germany's HeidelbergCement that Sabancı sold in 2026.
Sabancı Holding Investor Relations (Radiflow acquisition disclosure) T24 (Radiflow exit, May 2025) Bianet (Ministry of Trade response on the Israel shipments)
Timeline of documented support
Documented support
| Type | Date | Amount | Recipient | Sources |
|---|---|---|---|---|
| Acquisition | 2022-05-30 | $30,500,000 | Radiflow Ltd. (Israeli OT cybersecurity company, Tel Aviv area) Sabancı Holding acquired a 51% controlling stake in the Israeli operational-technology cybersecurity company Radiflow Ltd. The initiative was announced on 29 April 2022 and Sabancı's own investor disclosure records completion on 30 May 2022 for USD 30.5 million after customary adjustments; trade press reported the deal at up to USD 45 million including the second phase, in which Sabancı held an option to take the company to 100% by the first quarter of 2025. The purchase was made through Dx Technology Services and Investment BV (DxBV), a Netherlands company of which Sabancı Holding is the sole founding shareholder, and Radiflow became a DxBV subsidiary. This is a direct equity investment in an Israeli company — capital into Israel's technology sector — not a donation or a political act. | |
| Investment / program | 2025-05 | — | Radiflow Ltd. — exit: shares returned to an existing shareholder Sabancı Holding exited its Israeli investment in May 2025. In a filing to Turkey's public disclosure platform KAP it said its Dutch subsidiary DxBV had transferred shares representing 69.84% of Radiflow's capital to an existing shareholder for a symbolic USD 1, and had waived roughly USD 2.9 million in receivables previously advanced to Radiflow, bringing the group's total loss on the investment to about USD 5 million. Sabancı gave a commercial reason — that the expected benefit from Radiflow's operations had not materialised and the sale was intended to remove the potential negative effect on its financial statements — and did not frame the exit politically. The relationship is therefore ended; it is recorded here with its end date. | |
| Operations in Israel | 2024-04 | — | Israeli cement buyers, via the port of Ashdod In April 2024, journalist Metin Cihan published shipping documents indicating that Akçansa — the cement producer in which Sabancı Holding and Germany's HeidelbergCement each held about 39.7%, jointly controlling it — was continuing to ship cement to Israel after Turkey's Ministry of Trade placed cement on its 9 April 2024 list of 54 restricted export categories. The reporting, carried by soL, Karar and Bianet, tracked the vessel Kazime Ana leaving Akçansa's Çanakkale port for Ashdod. The Ministry of Trade rejected the interpretation, saying no customs registration for restricted goods had been made after 09:00 on 9 April 2024 and that presenting later departures as violations was ignorance or bad faith. The acting entity is Akçansa, a jointly controlled affiliate, not Sabancı Holding itself; Sabancı sold its Akçansa stake in 2026. Turkey's full trade halt followed on 2 May 2024. | |
| Acquisition | 1999-01 | — | Rogosin Enterprises (Israel's only tyre cord fabric producer) Sabancı's cord fabric company Kordsa bought the entire machinery park of Rogosin, at the time Israel's only producer of tyre cord fabric, in a deal reported by Hürriyet on 31 January 1999. Rogosin was to keep producing until June 1999, after which the machines were to be moved to Turkey and Israeli production was to stop; Kordsa would then supply Israeli tyre makers' cord fabric needs from Turkey. Rogosin's capacity was around 6,500 tonnes a year and it had been selling roughly 1,000 tonnes annually to Turkish tyre manufacturers. The transaction bought out and closed an Israeli production line rather than building one up, and it predates the current period by more than two decades. |
Frequently asked questions
Did Hacı Ömer Sabancı Holding A.Ş. donate money to Israel or Israeli causes?
We have no records of cash donations, but Hacı Ömer Sabancı Holding A.Ş. has documented support of other kinds (Acquisition, Investment / program, Operations in Israel). See the records on this page.
Where does this information come from?
Every record on this page links to its source — news reports, official company statements, tax filings, or government records. 10 distinct sources are cited for Hacı Ömer Sabancı Holding A.Ş.. Our methodology page explains the full verification process.
Sources & citations
Record last updated: 2026-07-30
- Sabancı Holding Investor Relations (Radiflow acquisition disclosure) yatirimciiliskileri.sabanci.com
- SecurityWeek securityweek.com
- The Times of Israel timesofisrael.com
- T24 (Radiflow exit, May 2025) t24.com.tr
- Dünya Gazetesi dunya.com
- Sabancı Holding Investor Relations (The Transfer of Radiflow Shares by DxBV) yatirimciiliskileri.sabanci.com
- soL haber (Sabancı's cement bound for Israel) haber.sol.org.tr
- Karar karar.com
- Bianet (Ministry of Trade response on the Israel shipments) bianet.org
- Hürriyet (Sabancı's cord fabric operation in Israel, 31 January 1999) hurriyet.com.tr