Freedom Holding Corp. (FRHC) is a publicly-traded, international financial services company headquartered in Almaty, Kazakhstan. The company is listed on the NASDAQ Capital Market under the ticker symbol "FRHC" and it is one of the largest retail brokers and an emerging banking powerhouse in its geographical area.
Established in 2008, the company provides an extensive range of services vital to the financial industry. These services include retail brokerage, investment banking, investment research, securities trading, and market making to both institutional and retail clients. FRHC prides itself on its innovative financial solutions and commitment to excellent customer service.
As of early 2021, Freedom Holding Corp. operates in seven countries with its primary operations in Russia and Kazakhstan. Its subsidiaries and affiliate companies extend its influence to Ukraine, Germany, Kyrgyzstan, and Cyprus. This strategically diverse geographical foot-print gives FRHC an edge in the global financial market, allowing them to reach numerous consumers.
FRHC has continually delivered strong financial performance, with significant growth in revenue and net income year after year. This performance reinforces the company’s credibility, making it an attractive investment opportunity for those invested in the financial services sector.
One key aspect of the company’s growth strategy is through acquisition. Over the years, FRHC has acquired several firms and integrated them into its business model. This strategy has helped the company expand its suite of services and increase its market penetration in regions it operates.
To regulate this expansive and diverse operation, FRHC is supervised by an experienced executive team and an adept board of directors. Under their leadership, FRHC is committed to adhering to international financial standards and ensuring their operations are transparent, secure, and reliable.
Responsibility also rests high on the agenda with FRHC. They see the real value in building a long-term and responsible business that makes a genuine positive impact on the societies in which they operate, believing that combining good entrepreneurship with social responsibility is a prerequisite for long-term sustainable development.
In conclusion, Freedom Holding Corp. is a robust, global financial services company, combining state-of-the-art technology, a diverse portfolio of services, and a broad geographical reach. These provide a solid foundation for its vision to become a leading actor in some of the fastest-growing financial markets globally, amidst a commitment to sustainable development and social responsibility.
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Timur Turlov, founder of Nasdaq-listed Freedom Holding Corp., has been recognized as the sixth most influential entrepreneur in Kazakhstan according to Forbes Kazakhstan's 2026 list. His influence extends beyond finance to include digital services, telecommunications, AI infrastructure, and involvement in educational, sports, and environmental initiatives. Turlov's journey from modest beginnings to global recognition is highlighted by Freedom Holding's expansion into an ecosystem of diverse services and significant investments in Kazakhstan's technological and social development.
Freedom Holding Corp. (NASDAQ: FRHC) has agreed to a potential US$1.16 billion project bond ceiling to finance an AI supercluster and data centers in Kazakhstan, alongside other ventures. Its special-purpose subsidiary, FRHC-IF.SPC Ltd., will issue five-year bonds with a 7.8% coupon, guaranteed by Freedom Holding, its subsidiary Freedom Kazakhstan Ltd., and CEO Timur Turlov. The financing covers seven projects and requires staged approvals, with proceeds entering an escrow account and subject to specific release conditions and financial covenants.
Seven years after its Nasdaq debut, Freedom Holding Corp. has transformed into an international financial and technology group, achieving a market capitalization exceeding $11 billion. The company's shares have risen over twelvefold since October 2019, driven by strategic expansion into banking, insurance, telecommunications, and digital platforms, along with significant international acquisitions. This growth is supported by strong financial results, including substantial increases in revenue and customer base, as it shifts towards a unified digital ecosystem beyond its original brokerage operations.
Freedom Holding Corp. announced plans to launch its first public GPU cloud in Kazakhstan in 2027, as part of a broader $2 billion Sovereign AI Hub initiative. This program, developed under an agreement with Kazakhstan's Ministry of Artificial Intelligence and Digital Development, aims to expand access to computing resources for businesses, developers, and public institutions. The hub will provide infrastructure for AI development, model training, and large-scale data processing, with demand already exceeding initial capacity expectations.