The Turkiye Wealth Fund (TWF) bought 10% share of the European Bank for Reconstruction and Development (EBRD) in the country’s benchmark stock exchange, said the fund in a statement on Tuesday.

The fund’s share in Borsa Istanbul rose to 90.60%, the statement added.

“We continue to believe in the future of the company as a potential regional leader within our strategic plan for the Istanbul Financial Center project,” TWF Managing Director Zafer Sonmez said.

The fund, established in 2016, holds all or part of the shares of several Turkish companies such as flag carrier Turkish Airlines, telecommunications giant Turk

Read more: Turkiye Wealth Fund buys EBRD's stake in Borsa Istanbul