BlackRock has become the second-largest shareholder of Freedom Holding Corp., now holding 0.85% of the company following a substantial investment of approximately $89 million.
- BlackRock has become the second-largest shareholder of Freedom Holding Corp., now holding 0.85% of the company following a substantial investment of approximately million.
The global financial services and technology firm, which operates the Freedom24 investment platform, reported that BlackRock acquired an additional 443,965 shares during the latest reporting period, raising its total ownership to 520,565 shares. This move positions BlackRock just behind the company’s founder and CEO, Timur Turlov.
Timur Turlov expressed his enthusiasm regarding 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. has seen its revenue for the fiscal year 2025 reach $2.05 billion, marking a 23% increase from the previous year. The net profit for the same period amounted to $84.5 million, with assets rising from $8.3 billion to $9.9 billion. This financial growth underscores a solid market position and a promising long-term growth strategy.
Other notable institutional investors in Freedom Holding include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management, highlighting an increasing recognition of the company’s potential. BlackRock’s decision to enhance its stake reflects confidence in Freedom Holding’s ability to expand its financial ecosystem globally.
Founded in 1988 in New York, BlackRock is the world’s largest investment firm, managing over $12.5 trillion in assets as of 2025. The firm is well-known for its iShares ETFs and the Aladdin investment management platform. BlackRock’s investment in Freedom Holding signifies its belief in the company’s ongoing international expansion and development.
In Kazakhstan, Freedom Holding is actively building a diverse ecosystem that includes Freedom Bank, Freedom Broker, Freedom Life, and Freedom Insurance, as well as digital lifestyle services such as Arbuz.kz, Freedom Ticketon, and Aviata. This multifaceted approach positions the company well for future growth in various sectors.
