Alarko Holding AS is a holding company, which operates in power generation and utilities under the energy segment, construction, industry and trade, tourism, real estate investments and property development sectors, along with a venture capital arm. The firm has two listed subsidiaries; one is Alarko REIT (ALGYO) and the other is Alarko Carrier (ALCAR)The Contracting Group operates as general contractors, and is engaged in the construction of commercial buildings and industrial plants. The Energy Group produces and distributes electric power and natural gas through its power plants across Turkey. The Industry and Trade Group produces and markets heating, ventilation, air conditioning units and pumps, as well as provides after-sale services. The Tourism Division operates and manages hotels and holiday resorts. The Property Development Group is involved in the development, design, and construction of recreational facilities. The company was founded by Hazakil Uzeyir Garih and Ishak Alaton in 1954 and is headquartered in Istanbul, Turkey.