Freedom Holding exited the Russian business entirely. Freedom Finance IK and Freedom Finance Bank was bought by Maxim Povalishin, one of the company's founders. The transaction amounted to $140 million, of which Maxim Povalishin will pay $33 million of his own funds, and another $107 million will pay using the cash that Freedom Holding owed to the Russian co...

Bank of Russia, SPB Exchange, Freedom Holding and other participants are discussing the idea of creating a new exchange on the basis of Astana MFCA in Kazakhstan, sources told Frank Media. On the new platform will be able to trade foreign securities "in all time zones". Russian brokers who have or will create offices in Kazakhstan, Cyprus and other offshore...

Freedom abandoned the scheme announced on June 1 to sell Russian assets to its major shareholder Timur Turlov. The decision was made after OFAC issued a clarification of the sanctions regime regarding investments and disposition of Russian legal entities by US residents. Freedom Holding maintains its intention to sell Russian assets in the future. The compan...

Freedom's GAAP net income for fiscal year 2022 was $211.369 million, up 47.9% from $142.924 million in the prior year. Revenue increased 60.2% to $564.663 million from $352.551 million a year earlier.