| LISTING CRITERIA FOR COMPANIES |
Audit Criterion
The financial statements and independent audit reports of the company must have been submitted to the Exchange.
Operating Term Criterion
Minimum three calendar years must have elapsed since establishment and financial statements of the last 3 years must have been publicly disclosed.
Quantitative and Financial Criteria
Among the requirements listed under the following alternative groups, the corporation must meet all those requirements which fall into the same group.
| Group 1 | Group 2 | Group 3 |
| Market value of publicly offered stocks -TRY | Minimum 122,000,000 | Minimum 61,000,000 | Minimum 30,500,000 |
| Profits before tax must have been earned.. | in at least one of the last two years | in at least one of the last two years | the last 2 years |
| Ratio of publicly offered stocks to paid-in or issued capital | - | Minimum 5% | Minimum 25% |
| Shareholders' equity -TRY (in the most recent, independently audited financial statements) | Minimum 30,500,000 | Minimum 19,500,000 | Minimum 12,200,000 |
Sound Financial Structure Criterion
The Exchange Management must have had the corporation’s financial structure examined and accepted its ability to continue as an ongoing concern.
Also,
- Significant legal disputes which might affect the company’s production and activities must not exist and
- The corporation’s legal situation in terms of its establishment and activities as well as the legal situation of its shares must be documented to verify their compliance with the respective legislation.