BlackRock Becomes the Second-Largest Shareholder of Freedom Holding Corp.
New York, United States, August 31st, 2025 – In a significant move that reflects the growing confidence in Freedom Holding Corp., BlackRock, Inc., the world’s largest investment company, has increased its stake in Freedom Holding (NASDAQ: FRHC) to 0.85%, investing about $89 million in the process. This new development positions BlackRock as the second-largest shareholder, trailing only behind the company’s founder, Timur Turlov.
Key Points
- BlackRock acquired an additional 443,965 shares, totaling 520,565 shares.
- Timur Turlov, founder and CEO, welcomes the interest from institutional investors.
- Freedom Holding operates in 22 countries including major markets like the USA and Kazakhstan.
- BlackRock manages over $12.5 trillion in assets, known for its iShares ETFs and Aladdin technology.
Growing Institutional Interest
Freedom Holding’s rising prominence has caught the attention of several notable institutional investors aside from BlackRock. State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management also hold stakes in the company, signaling robust institutional backing.
CEO's Perspective
“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,” says Turlov.
About Freedom Holding Corp.
Freedom Holding Corp. is a versatile financial services company known for its extensive operation across 22 countries. With its principal office located in New York City, it provides services that include banking, brokerage, insurance, and a lifestyle segment featuring platforms like Arbuz.kz and Aviata.
Shares of Freedom Holding are traded on NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under its ticker symbol FRHC.
Conclusion
With BlackRock stepping into the partnership as a key player, Freedom Holding is poised to leverage this relationship to amplify its strategic initiatives in the international financial landscape.
Contact
Public Relations
Natalia Kharlashina
Freedom Holding Corp.
Email: prglobal@ffin.kz
Phone: +7 701 364 1454
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