Freedom Holding Secures First Foreign Brokerage License in Türkiye Since 1992
FRHC sits 49% above its 52-week low of $107.975.
Summary
Freedom Yatırım, a subsidiary of Freedom Holding Corp., received an operating license from Türkiye's Capital Markets Board, becoming the first broadly authorized foreign brokerage firm to receive such a license in Türkiye since 1992. The license enables Freedom Yatırım to launch full-scale brokerage operations in Türkiye, leveraging the company's TraderNet platform and integration with Borsa İstanbul. This follows the company's recent acquisition of a 99.32% stake in Turkish Bank A.Ş., now renamed Freedom Bank A.Ş., positioning Freedom Holding to build an integrated digital financial ecosystem in Türkiye. The move expands Freedom Holding's international brokerage footprint and provides access to Türkiye's growing investor base, with the company's brokerage business already accounting for approximately 39% of total net revenue. The license approval marks a significant regulatory milestone that could accelerate revenue growth in a new market.
At the time of this announcement, FRHC was trading at $160.53 on NASDAQ in the Finance sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $107.98 to $181.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: FinanceWire.