GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret Anonim Sirketi authorizes a Buyback plan.

Gsd Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS is a Turkey-based company, which is engaged in international maritime transport. The Company provides dry bulk transportation services with its own fleet which contains an Ultramax and two Handysize types dry bulk carrier ships, and it supports the international trade of commodities such as iron ore, coal, other metals, agricultural products, and fertilizer. Gsd Denizcilik is also involved in the management of a fleet of six dry bulk ships through its subsidiaries located in the Netherlands, Malta, and the Marshall Islands. The Company is a member of the Gsd Holding Group which is active in various sectors, including banking, factoring, shipping, and education.