BlackRock Becomes the Second-Largest Shareholder of Freedom Holding Corp.
BlackRock Becomes the Second-Largest Shareholder of Freedom Holding Corp. |
| [31-August-2025] |
NEW YORK, Aug. 31, 2025 /PRNewswire/ -- Freedom Holding Corp. (NASDAQ: FRHC), a global financial services and technology company, announced that the world's largest investment company, BlackRock, Inc., has increased its stake in the company to 0.85%, investing about $89 million. BlackRock has become the company's second-largest shareholder by shares, following its founder and CEO, entrepreneur Timur Turlov.
According to Bloomberg, during the latest reporting period, BlackRock acquired an additional 443,965 shares, bringing its total stake to 520,565 shares. Alongside BlackRock, other international institutional investors in Freedom Holding include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management. "We welcome the growing interest from global institutional investors. The presence of partners such as BlackRock confirms the resilience of our business and the strategic potential of Freedom Holding in international markets," said Timur Turlov, founder and CEO of Freedom Holding Corp. BlackRock, Inc. was founded in 1988 in New York. As of 2025, BlackRock manages more than $12.5 trillion in assets. The company is best known for its iShares ETFs and its Aladdin technology platform. About Freedom Holding Corp. Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment featuring Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). Contact Photo - https://mma.prnewswire.com/media/2761536/Freedom_Holding_Corp.jpg
SOURCE Freedom Holding Corp. | ||
Company Codes: NASDAQ:FRHC |
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