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

NEW YORK, Aug. 31, 2025 ~ In a recent announcement, Freedom Holding Corp. (NASDAQ: FRHC) revealed that BlackRock, Inc., the world's largest investment company, has increased its stake in the company to 0.85%. This amounts to an investment of approximately $89 million. With this move, BlackRock has become the second-largest shareholder in Freedom Holding Corp., following founder and CEO Timur Turlov.

According to Bloomberg, BlackRock acquired an additional 443,965 shares during the latest reporting period, bringing its total stake to 520,565 shares. Along with BlackRock, other international institutional investors in Freedom Holding include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management.

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In response to this development, Turlov stated, "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."

Founded in 1988 in New York, BlackRock is a renowned financial services and technology company that manages over $12.5 trillion in assets as of 2025. The company is well-known for its iShares ETFs and its Aladdin technology platform.

This increase in investment from BlackRock highlights the confidence and potential that international investors see in Freedom Holding Corp. It also solidifies the company's position as a strong player in global markets.

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