Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services. The company offers investment brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; Margin Lending services collateralized by securities and cash in the customer's account; various investment education and training courses; and investment research services. It also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations. In addition, the company is involved in trading, investment, and brokerage activities. Further, it acts as an intermediary between borrowers and lenders of short-term funds and provide funding for various inventory positions; and employs repurchase and reverse repurchase agreements in proprietary trading activities. Additionally, the company offers Tradernet software platform for client margin risk evaluation and for middle office security transfer requests. It operates in Kazakhstan, Kyrgyzstan, Russia, Ukraine, Uzbekistan, Germany, Azerbaijan, and Cyprus. The company was formerly known as BMB Munai, Inc. and changed its name to Freedom Holding Corp. Freedom Holding Corp. was incorporated in 1981 and is headquartered in Almaty, Kazakhstan.
IPO Year:
Exchange: NASDAQ
Website: freedomholdingcorp.com
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3/A - Freedom Holding Corp. (0000924805) (Issuer)
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8-K - Freedom Holding Corp. (0000924805) (Filer)
10-Q - Freedom Holding Corp. (0000924805) (Filer)
DEFA14A - Freedom Holding Corp. (0000924805) (Filer)
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10-K - Freedom Holding Corp. (0000924805) (Filer)
8-K - Freedom Holding Corp. (0000924805) (Filer)
NT 10-K - Freedom Holding Corp. (0000924805) (Filer)
8-K - Freedom Holding Corp. (0000924805) (Filer)
8-K - Freedom Holding Corp. (0000924805) (Filer)
10-Q - Freedom Holding Corp. (0000924805) (Filer)
Company Reports Record Year, With 105% Increase in Reported RevenuesALMATY, KAZAKHSTAN / ACCESSWIRE / June 14, 2024 / Freedom Holding Corp. (NASDAQ:FRHC) ("Freedom", or the "Company"), a multi-national diversified financial services holding company with a presence through its subsidiaries in 20 countries, today announced its financial results for the 12 months ended March 31, 2024, or fiscal 2024. Fiscal 2024 Highlights:Revenue totaled approximately $1.6 billion compared to $796 million for the prior fiscal year, an increase of 105%, primarily attributable to an increase in interest income, fee and commission income, and insurance underwriting income.Fee and commission income was $440 mill
Company Reports Record Year, With 105% Increase in Reported Revenues Freedom Holding Corp. (NASDAQ:FRHC) ("Freedom", or the "Company"), a multi-national diversified financial services holding company with a presence through its subsidiaries in 20 countries, today announced its financial results for the twelve months ended March 31, 2024, or fiscal 2024. Commenting on the results, Timur Turlov, the Company's founder and chief executive officer, stated: "I am pleased to report that fiscal 2024 has been a record year for our company, both from a revenue and earnings perspective. Our core brokerage and banking businesses constituted approximately 75% of our revenue for the period and we c
Purchase Will Bring e-Commerce Grocery Sales to the Freedom Group Freedom Holding Corp. (NASDAQ:FRHC), a diversified multi-national financial services firm, today announced that it has completed the acquisition of an 82% ownership interest in Kazakhstan company "Arbuz Group" Limited Liability Partnership ("Arbuz") from a group of private investors. The acquisition took place in several stages starting in March 2023. Arbuz is an online supermarket and fresh food delivery service with operations in Almaty and Astana, Kazakhstan. It has become a flagship marketplace in Kazakhstan's food-tech industry. "As one of the largest domestic Internet websites in Kazakhstan, the Arbuz startup is a
Purchase brings pre-eminent small-cap platform to the Freedom family Freedom U.S. Markets, LLC, a wholly-owned subsidiary of Freedom Holding Corp. (NASDAQ:FRHC), announced today that it has completed the acquisition of LD Micro from SRAX, Inc. (NASDAQ:SRAX). The total consideration of $8.3 million includes $4 million in cash and FRHC common stock valued at $4.3 million. LD Micro offers two premier small-cap conferences annually, the Invitational: June 6-8 (Los Angeles) and the Main Event: October 3-5 (Los Angeles), which hosts over 200 companies and 1,000 investors. For the past 15 years, the LD Micro conferences have showcased the next big names in the small-cap world to investors and i
Citigroup Veteran Named Freedom Executive Vice President Appointment Recognizes Leadership and Contributions to Future Growth Freedom Capital Markets (FCM), the investment banking and equity capital markets arm of Prime Executions, Inc., a wholly-owned subsidiary of Freedom Holding Corp. (NASDAQ:FRHC) is pleased to announce the appointment of Citigroup veteran Jon V. Rogers as Executive Vice President and a member of FCM's Management and Investment Committees. "Jon will play a pivotal role in all strategic initiatives as we continue to expand Freedom's U.S. footprint and offerings. His experience analyzing equity transactions at Citi will also be very beneficial as we build out our inves
Board Approves Independent Registered Accounting Firm to Conduct Annual Audit for the 2023 Fiscal Year In an 8-K filing today, Freedom Holding Corp. (NASDAQ:FRHC) announced that it had appointed the independent registered public accounting firm Deloitte LLP in Kazakhstan ("Deloitte"), a member of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, for the fiscal year ending March 31, 2023. Deloitte, which had previously performed audits for certain Freedom Holding Corp. subsidiaries, replaces WSRP, LLC, a U.S.-based accounting firm. About Freedom Holding: Freedom Holding Corp. provides financial services, retail financial securities brokerage, investment counseli
Ratings affirmed for Freedom Finance JSC; Freedom Finance Europe Ltd.; Freedom Finance Global PLC and Freedom Bank Finance Kazakhstan at "B/B" and for Freedom Holding Corp. at "B-." Outlook for Freedom Holding Corp. subsidiaries revised to positive from negative. Outlook for Freedom Holding Corp. revised to stable from negative. Freedom Holding Corp. (the "Company") (NASDAQ:FRHC), a multi-national diversified financial services holding company with a presence through its subsidiaries in 20 countries, today highlighted an S&P Global Ratings ("S&P") report published on June 28, 2024. Among other aspects, the S&P report remarked that the ratings for Freedom Finance JSC, Freedom Fin
Company Reports Record Year, With 105% Increase in Reported RevenuesALMATY, KAZAKHSTAN / ACCESSWIRE / June 14, 2024 / Freedom Holding Corp. (NASDAQ:FRHC) ("Freedom", or the "Company"), a multi-national diversified financial services holding company with a presence through its subsidiaries in 20 countries, today announced its financial results for the 12 months ended March 31, 2024, or fiscal 2024. Fiscal 2024 Highlights:Revenue totaled approximately $1.6 billion compared to $796 million for the prior fiscal year, an increase of 105%, primarily attributable to an increase in interest income, fee and commission income, and insurance underwriting income.Fee and commission income was $440 mill
Company Reports Record Year, With 105% Increase in Reported Revenues Freedom Holding Corp. (NASDAQ:FRHC) ("Freedom", or the "Company"), a multi-national diversified financial services holding company with a presence through its subsidiaries in 20 countries, today announced its financial results for the twelve months ended March 31, 2024, or fiscal 2024. Commenting on the results, Timur Turlov, the Company's founder and chief executive officer, stated: "I am pleased to report that fiscal 2024 has been a record year for our company, both from a revenue and earnings perspective. Our core brokerage and banking businesses constituted approximately 75% of our revenue for the period and we c
Bringing the Brightest Stars in Chess from the Global Business Community Together for an Ultimate Chess Challenge Freedom Holding Corp. (NASDAQ:FRHC), a multi-national diversified financial services holding company, today announced its participation as a competitor and as the title sponsor of the landmark chess event, the 2024 FIDE World Corporate Chess Championship. Hosted by FIDE, Fédération Internationale des Échecs (International Chess Federation), this three-day championship event will showcase the brightest stars in business and some of the biggest names in chess. Since the beginning of March, registered corporate teams have been competing online to qualify to participate in this
Freedom Capital Markets NYC Family Office Summit Attendance Also on CEO Schedule Freedom Holding Corp. (NASDAQ:FRHC) (the "Company"), a multi-national diversified financial services holding company, announced today that Timur Turlov, Chief Executive Officer and Founder, is scheduled to participate in two upcoming New York investor conferences in April. Freedom Capital Markets NYC Family Office Summit Date/Time: Monday, April 8, 2024, at 2:00 pm ET Location: New York City LD Micro Invitational XIV Date/Time: Monday, April 8, 2024, at 5:45 pm ET Location: New York City Turlov is expected to speak on topics ranging from leveraging technology to build a global financial services organiz
With $419 Million in Reported Revenue, Company Remains on Pace for a Record Year Freedom Holding Corp. (NASDAQ:FRHC) (the "Company"), a diversified financial services holding company with operations in the Central Asia and Eastern Europe, Europe Excluding Eastern Europe, the United States, and the Middle East/Causaus, today announced the financial results for their third quarter and nine months ended December 31, 2023, of fiscal 2024. Highlights include the following: $419 million in revenue Net income of $96 million, or $1.63 earnings per share, diluted Operating expenses of $307 million 177% increase in insurance underwriting premiums to approximately $79 million New bran
Freedom Holding Corp. (the "Company") (NASDAQ:FRHC) today announced the conclusion of an external review commissioned by the independent members of its board of directors. The external review was into wide-ranging allegations made about the Company and its business in an August 15, 2023 report published by Hindenburg Research (the "Hindenburg Report"), an activist short-selling firm which disclosed having a short position in the Company's shares. Following the publication of the Hindenburg Report, although the Company believed the allegations were meritless and the independent directors have full confidence in the Company and its business model, the independent members of the Company's boar
Freedom Holding Corp. (hereinafter referred to as the "Company") (NASDAQ:FRHC), a diversified multi-national financial services firm, announced today that on August 11, 2023, the Company received a letter (the "Non-Compliance Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of its failure to have timely filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the "June 2023 10-Q") with the Securities and Exchange Commission ("SEC"). The Non-Compliance Letter provides that, under Nasdaq rules, the Company now
Purchase Will Bring e-Commerce Grocery Sales to the Freedom Group Freedom Holding Corp. (NASDAQ:FRHC), a diversified multi-national financial services firm, today announced that it has completed the acquisition of an 82% ownership interest in Kazakhstan company "Arbuz Group" Limited Liability Partnership ("Arbuz") from a group of private investors. The acquisition took place in several stages starting in March 2023. Arbuz is an online supermarket and fresh food delivery service with operations in Almaty and Astana, Kazakhstan. It has become a flagship marketplace in Kazakhstan's food-tech industry. "As one of the largest domestic Internet websites in Kazakhstan, the Arbuz startup is a
Freedom Holding Corp. (hereinafter referred to as the "Company") (NASDAQ:FRHC), a diversified multi-national financial services firm, announced today that on June 15, 2023, the Company received a letter (the "Non-Compliance Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of its failure to have timely filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2023 (the "Fiscal 2023 10-K") with the Securities and Exchange Commission ("SEC"). The Non-Compliance Letter provides the Company with 60 calendar days, or u
Class action attempts since late 2023 and a Russian court seizing $21 million of billionaire CEO Timur Turlov's assets kept Freedom Holding bearish so far. Momentum indicators have massively improved, and solid earnings could move the stock closer to the MSCI emerging market index this summer. When one thinks of emerging market stocks, few consider that faraway Central Asian nation, Kazakhstan, the place billionaire Timur Turlov calls home. But this year, a Kazakh e-commerce platform called Kaspi.Kz (KSPI) made its debut on the Nasdaq at $95.97 a share on January 19. It reached a peak of $135.14 and is now around $118 per share with a 6.16% dividend yield; unheard of for most new tech s
Freedom Holding Corp. (NASDAQ:FRHC) shares are trading lower Monday after assets of CEO Timor Turlov were seized by Russia’s Deposit Insurance Agency (DIA). The Details: According to a report from Kursiv.media, the court of arbitration in the Nizhny Novgorod region has seized several properties and $21 million in cash belonging to Turlov and co-defendants. On March 13, the court issued a complaint against Turlov and other individuals who allegedly participated in asset withdrawal from Assotsiatsiya Bank. “This situation is absurd. Of course, we will challenge this case in court. I came to learn about the case from the media last week. I have no relations with the Russian bank the co
Freedom Holding (NASDAQ:FRHC) reported quarterly earnings of $1.63 per share. This is a 108.97 percent increase over earnings of $0.78 per share from the same period last year. The company reported $418.63 million in sales this quarter. This is a 95.12 percent increase over sales of $214.55 million the same period last year.
U.S. Treasury Secretary Janet Yellen warned on Thursday of the potential failure of non-bank lenders if household finances became stretched and the rate of delinquencies on loans rises. Speaking before a Senate Committee on Banking, Housing and Urban Affairs, the former Federal Reserve chair warned that the risk of failure of one or more of them in the sector was possible if the lending market became strained. Non-bank lenders rely on short-term funding instruments such as Treasury bills and commercial paper, and they don’t have access to the Fed’s emergency lending facility. Yellen said regulators were monitoring the risks. She said: “They're reliant on short-term financing that ma
U.S. stocks traded mixed, with the Dow Jones gaining around 80 points on Friday. Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) rose sharply during Friday’s session after the company reported better-than-expected third-quarter financial results, increased its quarterly dividend and raised FY24 guidance. Booz Allen Hamilton posted adjusted earnings of $1.41 per share, beating market estimates of $1.14 per share. The company’s quarterly sales came in at $2.57 billion versus expectations of $2.54 billion, according to data from Benzinga Pro. Booz Allen Hamilton shares jumped 13.2% to $145.90 on Friday. Here are some other big stocks recording gains in today’s session. AppF
Freedom Holding Corp. (the "Company") (NASDAQ:FRHC) today announced the conclusion of an external review commissioned by the independent members of its board of directors. The external review was into wide-ranging allegations made about the Company and its business in an August 15, 2023 report published by Hindenburg Research (the "Hindenburg Report"), an activist short-selling firm which disclosed having a short position in the Company's shares. Following the publication of the Hindenburg Report, although the Company believed the allegations were meritless and the independent directors have full confidence in the Company and its business model, the independent members of the Company's board