BlackRock Becomes the Second-Largest Shareholder of Freedom Holding Corp.

Rhea-AI Summary

Freedom Holding Corp. (NASDAQ: FRHC) announced that BlackRock, Inc. has significantly increased its stake in the company to 0.85%, with an investment of approximately $89 million. BlackRock has become FRHC's second-largest shareholder after acquiring an additional 443,965 shares, bringing its total holding to 520,565 shares.

The investment positions BlackRock as the second-largest shareholder after founder and CEO Timur Turlov. Other notable institutional investors include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management. BlackRock, managing over $12.5 trillion in assets, is known for its iShares ETFs and Aladdin technology platform.

Positive

• BlackRock's significant $89 million investment demonstrates confidence in FRHC
• Increased institutional investor presence strengthens FRHC's market credibility
• Strategic positioning as second-largest shareholder indicates long-term commitment

Negative

• Founder/CEO maintains majority control, limiting institutional investor influence

NEW YORK, Aug. 31, 2025 /PRNewswire/ -- Freedom Holding Corp. (NASDAQ: FRHC), a global financial services and technology company, announced that the world's largest investment company, BlackRock, Inc., has increased its stake in the company to 0.85%, investing about $89 million. BlackRock has become the company's second-largest shareholder by shares, following its founder and CEO, entrepreneur Timur Turlov.

According to Bloomberg, during the latest reporting period, BlackRock acquired an additional 443,965 shares, bringing its total stake to 520,565 shares.

Alongside BlackRock, other international institutional investors in Freedom Holding include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management.

"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," said Timur Turlov, founder and CEO of Freedom Holding Corp.

BlackRock, Inc. was founded in 1988 in New York. As of 2025, BlackRock manages more than $12.5 trillion in assets. The company is best known for its iShares ETFs and its Aladdin technology platform.

About Freedom Holding Corp.

Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment featuring Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). 

Contact
Public Relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz
+7 701 364 1454

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SOURCE Freedom Holding Corp.

FAQ

What percentage stake does BlackRock own in Freedom Holding Corp (FRHC)?

BlackRock owns a 0.85% stake in Freedom Holding Corp, representing approximately 520,565 shares worth about $89 million.

Who are the largest shareholders of Freedom Holding Corp (FRHC)?

The largest shareholder is founder and CEO Timur Turlov, followed by BlackRock as the second-largest shareholder. Other institutional investors include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management.

How many additional shares of FRHC did BlackRock acquire in their latest investment?

BlackRock acquired an additional 443,965 shares during the latest reporting period, bringing their total holding to 520,565 shares.

What is the significance of BlackRock's investment in Freedom Holding Corp?

BlackRock's investment demonstrates confidence in FRHC's business resilience and strategic potential in international markets, while also enhancing the company's institutional investor presence.

How much does BlackRock manage in total assets as of 2025?

As of 2025, BlackRock manages more than $12.5 trillion in assets and is known for its iShares ETFs and Aladdin technology platform.