Freedom Holding Corp

Freedom Yatırım Menkul Değerler A.Ş., a subsidiary of Freedom Holding Corp., has received an operating license from the Capital Markets Board of Türkiye, becoming the first broadly authorized foreign brokerage firm to receive such a license in Türkiye since 1992. The license marks an important step in Freedom Holding Corp.'s expansion in Türkiye and supports its broader strategy to grow its brokerage business and international capital markets infrastructure in the country. Freedom Holding Corp. operates through more than 200 offices in over 20 countries across North America, Europe, and Asia, with total assets of US$14 billion as of June 30, 2026, and brokerage accounting for approximately 39% of total net revenue. Freedom Yatırım plans to offer more than traditional brokerage services, using the TraderNet proprietary trading platform to build infrastructure that provides two-way access between the Turkish market and international capital markets, and has completed integration with Borsa İstanbul, giving clients across the Group's international brokerage network of more than 870,000 client accounts access to investment opportunities in the Turkish market. Freedom Holding Corp. recently completed the acquisition of a 99.32% stake in Turkish Bank A.Ş., now renamed Freedom Bank A.Ş., and together Freedom Bank and Freedom Yatırım are expected to form the core of Freedom Holding Corp.'s digital financial ecosystem in Türkiye, combining banking and investment services with other digital offerings.

Freedom Holding Corp. has completed the acquisition of 99.32% of the share capital of Turkish Bank A.Ş. through its subsidiary Freedom Finansal Hizmetler A.Ş., marking its formal entry into the Turkish banking sector. The acquired bank has been renamed Freedom Bank A.Ş., and the transaction received required approvals from Türkiye's Banking Regulation and Supervision Agency and the Turkish competition authority. The stake was purchased from entities affiliated with Özyol Holding A.Ş. and National Bank of Kuwait. A new board of directors has been elected, including Timur Turlov, founder and CEO of Freedom Holding Corp. The acquisition lays the foundation for an integrated financial and digital ecosystem in Türkiye, modeled on the company's SuperApp platform in Kazakhstan, which serves more than 14 million customers across banking, brokerage, insurance, and lifestyle services.

Freedom Holding Corp. signed Memoranda of Understanding with Antom, a merchant payment and digitisation services provider under Ant International, to facilitate cross-border payments for consumers in Kazakhstan. Antom will promote Freedom Bank SuperApp as a supported payment option on China’s leading e-commerce platforms, enabling Kazakhstan consumers to shop for Chinese goods and global brands using their preferred local payment method. Antom supports over 300 local payment methods, connects merchants with consumers in more than 200 markets, and processes transactions in over 100 currencies. The partnership will also allow Freedom Bank SuperApp to connect with a broader network of global merchants, with both companies exploring additional cross-border digital payment opportunities.

Freedom Finansal Hizmetler has received approval from Türkiye's Banking Regulation and Supervision Agency and the Competition Authority to acquire 99.32% of Turkish Bank from Özyol Holding and the National Bank of Kuwait. The transaction excludes TurkishBank Group's operations in the UK and Cyprus. Once completed, Turkish Bank will join Freedom Holding's existing brokerage, investment, and capital markets units in Türkiye while remaining under Turkish regulatory oversight, and will be linked to Freedom's digital financial services and technology-based distribution. The approval comes as Freedom Holding finalizes its brokerage setup in the country, with plans to later expand into e-commerce, telecommunications, and lifestyle services.