(Dubai) – Akin’s Dubai capital markets team advised Türkiye Petrolleri Anonim Ortaklığı (“TPAO”), Türkiye’s state oil and gas company, on the establishment of its $4 billion trust certificate issuance program and the successful completion of its inaugural $1 billion lease certificates issuance. This landmark transaction represents the first sukuk issuance by a Turkish public economic enterprise and the largest corporate sukuk ever completed in Türkiye. The program establishes a flexible Shariah-compliant funding platform to support TPAO’s strategic development initiatives and long-term capital markets access.