Hacı Zülfikar Zülfikari, started import and distribution of coffee and petrochemical products in Istanbul, Turkey.
Once the two sons of Hacı Zülfikar finished their education and started working for the family company, Haci Zulfikar set up Haci Zulfikar’s Sons Company and gave equal shares to each son.
Kazım Zülfikari and his elder brother managed to make the company active in petrochemicals distribution all around Turkey within a short time frame. With the growth of the revenues and volumes of the company, two brothers set up Zülfikarlar Kimyevi Maddeler A.S.
A shore tank oil storage facility was bought from Mobil Oil Company in Turkey. Besides oil products, permission to store petrochemicals were also obtained.
First investment in financial sector was with the establishment of Akdeniz Securities A.S. Being one of the oldest and most established brokerage companies in Turkey, Akdeniz Securities has serviced its clients with a wide range of financial products for investing in Turkish Financial Markets.
Second investment in financial sector was with the establishment of Akdeniz Factoring A.S.
With the establishment of Turkuaz Petroleum A.S., a new line of business, oil products distribution within Turkey, started.
Kazım Zülfikari sold his shares in all companies except Akdeniz Securities, to his elder brother.
Kazım Zülfikari set up KTM Chemicals A.S. together with his two sons, Keyan and Kerem Zülfikari, for the distribution and trading of petrochemicals within Turkey.
Within a very short time frame, KTM signed distributorship and agencyship agrements with many multinational petrochemicals producers for Turkish market.
A bulk storage tank terminal and bonded warehouse for dry goods was built in Gebze, Dilovasi.
After Dilovası, warehouses in Izmir, Mersin, Antep started operations.
Kazım Zülfikari, sold all his shares to his two sons and retired.
KTM started sales of petrochemicals to Eastern Europe, Russia, CIS Countries and Middle East.
KTM Polimer A.S. was established to service Turkish plastics producers’ needs of raw material, logistics and finance.
KTM started trading of oil and oil products.
KTM S.A. was established in Switzerland for developing oil trading activities and increasing petrochemical trading & distribution activities in Europe.
Zulfikari Holding A.S. was established to invest in different lines of businesses as well as exploring opportunities globally.
Zülfikari Holding and KTM, will continue their growth by strategic partnerships and/or acquisitons.
We would like to thank all of our valued employees, customers, service providers, suppliers, and other stakeholders for supporting us during our healthy and consistent growth.