BlackRock Expands Its Investment in Freedom Holding Corp. to Become Second-Largest Shareholder

BlackRock Increases Stake in Freedom Holding Corp.

In a significant move in the investment arena, BlackRock, Inc., the world’s largest investment management firm, has announced an increase in its holdings in Freedom Holding Corp. (NASDAQ: FRHC). With this latest investment, BlackRock now owns an impressive 0.85% stake in the financial services and technology company, investing approximately $89 million. This acquisition makes BlackRock the second-largest shareholder in Freedom Holding, following its founder and CEO, Timur Turlov.

During the most recent reporting period, BlackRock acquired an additional 443,965 shares, bringing its total share count to 520,565. This strategic increase not only signifies confidence in Freedom Holding’s potential but also aligns with the growing interest from institutional investors in the company's robust market position.

Timur Turlov expressed excitement about this development, stating, "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."

Freedom Holding Corp.

Established as a substantial player in the financial services sector, Freedom Holding Corp. operates across 22 countries, including notable economies like Kazakhstan, the United States, Cyprus, Poland, and several more. The company's main office is situated in New York City, emphasizing its role as an internationally recognized entity.

The firm is actively developing its financial and digital ecosystem in Kazakhstan, which includes offering services through Freedom Bank, Freedom Broker, and various insurance firms. Furthermore, it features lifestyle segments such as Arbuz.kz, Freedom Ticketon, and Aviata, making it a versatile service provider in the region. The ticker for Freedom Holding shares can be found on NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX).

BlackRock, founded in 1988 in New York, has cemented its status as a leading force in global investments, managing over $12.5 trillion in assets as of 2025. Known for its benchmark iShares ETFs and innovative Aladdin technology platform, BlackRock's involvement reaffirms investor confidence and showcases the scalability of Freedom Holding Corp.

Institutional Investors Rally Behind Freedom

Other significant international institutional investors participating in Freedom Holding include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management. The collective action of these financial powerhouses highlights a robust endorsement of Freedom Holding’s strategic market initiatives and creates a solid foundation for future growth.

This influx of institutional interest is particularly crucial as Freedom Holding continues to expand, fostering a resilient and competitive landscape within financial services. The backing by leading firms underscores the potential for greater international market penetration and an enhanced service portfolio that appeals to a diverse client base.

Given that BlackRock has increased its share in Freedom Holding during a period of heightened market uncertainty across global economies, this investment could provide pivotal leverage for Freedom Holding in meeting evolving market demands while affirming the company's sustainability.

Conclusion

The evolving landscape of institutional investments is actively shaping the future of Freedom Holding Corp. With BlackRock as a significant stakeholder, the firm is poised for further expansion and innovation. Investors and analysts alike will be keenly observing how this partnership develops and what it means for the firm’s trajectory in global financial markets.

As Freedom Holding navigates through competitive pressures, the strategic support from BlackRock and other investors will play a pivotal role in its growth narrative, reinforcing its mission to provide diversified financial solutions across multiple geographies.