Freedom Holding

At the end of 2021, Freedom Holding provides financial services in ten countries around the world. Shares of the holding are traded on NASDAQ under the ticker symbol FRHC. Capitalization exceeds $4 billion. The activities are regulated by the U.S. Securities and Exchange Commission (SEC). Rating from S&P Global Ratings - B with a stable outlook.

2024: Chief executive's estate seized

On March 14, 2024, the Arbitration Court of the Nizhny Novgorod Region, at the request of the state corporation Deposit Insurance Agency (DIA), seized the funds and other property of a number of persons against whom claims for recovery of losses were made in connection with the withdrawal of assets from the Association Bank. In particular, the property of the shareholder and executive director of Freedom Holding Timur Turlov for €19 million and $2 million was arrested. Read more here.

2023

Share price gains after Hindenburg Research shortseller attack

In October 2023, Timur Turlov is trying to understand how Hindenburg Research's bet against his Kazakh brokerage was so "unsuccessful" that at one point it brought him income in the amount of more than $1 billion.

In August, an American short seller targeted Freedom Holding Corp., a Kazakh billionaire, with accusations ranging from fraud and market manipulation to circumvention of sanctions. Within days, the company's stock soared to a record high.

Turlov claims that the short seller underestimated the level of customer confidence.

Freedom Holding bought 81.92% in Arbuz Group

On June 21, 2023, Freedom Holding announced the purchase of 81.92% of Arbuz Group from a group of private investors. The company did not disclose the value of the transaction. Read more here.

2022: Timur Turlov - the new owner of Freedom Finance

In early June 2022, it became known about the departure of the American company Freedom Holding from the Russian market. She sells her assets in the Russian Federation to the founder of Freedom Finance Timur Turlov. Read more here.

2021: Purchase of US broker MKM Partners

In December 2021, it was announced that Freedom Holding Corp is acquiring US broker MKM Partners. The deal will be paid for with money and FRHC shares.

To close, it must obtain the approval of the regulator in the securities market - FINRA.

Thanks to the deal, Freedom will strengthen the international business segment and expand its presence in the American market, said Timur Turlov, founder of Freedom Finance and CEO of Freedom Holding.

MKM Partners is engaged in trading operations on the stock market, conducts analytical research, real estate assessment. Based in Stamford, Connecticut.

2020

The fortune of the head of Freedom Holding Timur Turlov exceeded $1 billion

In September 2020, the 32-year-old Timur Turlov became a dollar billionaire thanks to the rise in quotations of his investment company Freedom Holding. The agency drew attention to this. Bloomberg More. here

Kassa Nova bank purchase for $40 million

In early August 2020, Kazakh oligarch Timur Turlov, owner of Freedom Holding, which works in the post-Soviet, including Russian, market under the Freedom Finance brand, bought Kassa Nova from one of the richest entrepreneurs in Kazakhstan, Bulat Utemuratov. The transaction amount will be more than $40 million. It must close before the end of the year after the local regulator approves it in terms of compliance with antitrust laws. Turlov himself told Kazakh journalists that the new bank will focus on the investment business.

In Russia, Turlov also has his own bank, Freedom Finance (formerly Okhabank), which is focused on servicing clients of a brokerage company.

Purchase of Zerich Capital Management

In July 2020, Freedom Holding, represented in Russia by the investment company Freedom Finance, announced the purchase of one of the oldest Russian brokers - Zerich Capital Management. Read more here.

Purchase of 20% of the Ukrainian Exchange

In early July 2020, the holding bought 20% of the Ukrainian Exchange.