Nasdaq-listed Freedom Holding Corp., a diversified financial services company, is launching a brokerage firm in Turkey. The Turkish Capital Markets Board has granted a license to Freedom Holding subsidiary, Freedom Financial Services Inc., to establish Freedom Yatirim Menkul Degerler JSC.
Freedom Holding’s CEO and founder announced plans to enter the Turkish brokerage market in 2025. He cited the company’s advanced technology, a key factor in attracting 320,000 European customers, as crucial for success in Turkey.
“By offering access to domestic and international markets, particularly the U.S., and leveraging our integrated mobile banking applications, we are confident of success in Turkey,” the CEO stated.
Freedom Holding, headquartered in Almaty, Kazakhstan, has a successful integrated financial services and lifestyle platform model. This model could be replicated internationally as a scalable “everything application.” The CEO noted the strong relationship between Kazakhstan and Turkey.
The company plans to allocate 20-30% of its annual profit to Turkish expansion. Freedom Holding reported record revenues of $1.03 billion and a net profit of $375 million for the six months ending September 30.
About Freedom Holding Corp.
Freedom Holding Corp. is a global financial and investment services group specializing in capital markets, asset management, and brokerage services. Its common shares are registered with the U.S. Securities and Exchange Commission and trade on the Nasdaq Capital Market (FRHC). Operating primarily in Kazakhstan, it has subsidiaries in 22 countries.
Freedom Holding Corp.:
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Natalia Kharlashina
PR Department, Freedom Holding Corp.
email: natalia.kharlashina@ffin.kz
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FREEDOM HOLDING CORP.
Source :Freedom Holding Corp.