FRHC News & Events

Freedom Holding has announced an agreement to acquire 99.32% of the shares in Turkish Bank A.S. The sellers are Ozyol Holding and the National Bank of Kuwait. The transaction is subject to approval by the relevant regulatory authorities in Turkey. The parties had previously announced their intention to conclude the deal, but the key parameters have now been disclosed, including the size of the stake being acquired. The purchase of the bank provides Freedom Holding Corp. with direct access to Turkey's banking market, which serves a population of around 90 million people, and represents an important stage in the development of the group's ecosystem in the Turkish market. The transaction includes only Turkish Bank A.S., which has been operating in Turkey since 1982. The TurkishBank Group's divisions in the United Kingdom and Cyprus are not part of the deal. Following the completion of the transaction, Freedom plans to invest in the bank's technological modernization, accelerate its digital transformation, and expand its product offering with a focus on retail customers as well as the small and medium-sized business segment.

Freedom Holding (FRHC) has signed an agreement with the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan to develop a $2B Sovereign AI Hub in Kazakhstan. The hub will be operated by Freedom Holding Corp. and powered by sovereign exascale Nvidia (NVDA) AI infrastructure, as part of a major strategic initiative to accelerate Kazakhstan's and Central Asia's AI leadership. The Ministry will support favorable conditions for hosting and operating large-scale AI systems and lead related talent development programs. The anticipated hub is planned to be located at a site in Kazakhstan with 100 MW of available power, with Freedom Holding Corp. serving as the principal financing and implementation partner.

Reports Q1 revenue $533.42M vs. $455M last year. "Our results for the fiscal 2026 first quarter reflect the continuing growth and evolution of our business model," said Timur Turlov, the company's founder and chief executive officer. "We have expanded our product portfolio, embraced the digital transformation of our platform, and strengthened our market presence. We are also elevating our profile in the investment community, as reflected by our inclusion in the Russell 3000 Index on June 27, 2025. We remain ever-grateful for the dedication and hard work of our 10,054 employees in 231 offices around the world."