Freedom Holding (FRHC)

The group has a particularly strong profile in Kazakhstan, where its subsidiaries participate in local capital markets and provide brokerage and banking products to a growing middle-class and corporate client base. Its operations also connect customers to international markets, giving investors in its core regions access to equities, bonds, funds, and other financial instruments listed on major and regional exchanges.

Freedom Holding’s business is organised around brokerage, banking, insurance, and other financial services. The brokerage arm supports customer trading and investment activity, while the banking division offers traditional financial products such as deposits, lending, cards, and payment services. The insurance businesses broaden the group’s consumer finance ecosystem and help deepen client relationships beyond trading accounts.

What distinguishes Freedom Holding is its combination of capital markets infrastructure, digital financial services, and regional reach. The company operates in markets where retail investing and modern banking services are still developing, giving it exposure to long-term financial deepening. At the same time, its activities are sensitive to regulation, market volumes, interest rates, currency movements, and geopolitical conditions across the jurisdictions in which it operates.