BlackRock Becomes the Second-Largest Shareholder of Freedom Holding Corp.

Core Insights - BlackRock, Inc. has increased its stake in Freedom Holding Corp. to 0.85%, investing approximately $89 million, making it the second-largest shareholder after founder and CEO Timur Turlov [1][2] - BlackRock acquired an additional 443,965 shares, bringing its total holdings to 520,565 shares [2] - The presence of BlackRock and other institutional investors indicates the resilience and strategic potential of Freedom Holding in international markets [3] Company Overview - Freedom Holding Corp. operates in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia [4] - The company is developing a financial and digital ecosystem in Kazakhstan, which includes Freedom Bank, Freedom Broker, and various insurance companies [4] - Freedom Holding Corp. is listed on NASDAQ, Kazakhstan Stock Exchange (KASE), and Astana International Exchange (AIX) under the ticker symbol FRHC [4]