Freedom Holding Corp. has completed a cross-listing of its common shares on the Astana International Exchange (AIX), the stock exchange reported.
The company’s shares will be traded under the FRHC ticker, with USD as the primary currency for pricing and settlements related to the stock. Furthermore, the shares are fully interchangeable between the Nasdaq Capital Market and AIX, according to a statement from the platform.
Sergey Lukyanov, chair of the board of directors of Freedom Finance Global (a subsidiary of the holding), stated that the listing on AIX has opened access to new opportunities for the company’s clients and retail investors in Kazakhstan.
«The listing of our shares on AIX is indeed an important move for our company. Our strategy is set to increase and develop the investment potential of Kazakhstan. I appreciate all our employees, shareholders and partners for their constant support and trust,» Lukyanov said.
Currently, there are 13 companies, including Freedom Holding Corp., officially listed on AIX. Among them are entities such as Air Astana, KEGOC, Kolesa, Halyk Bank, Kaspi.kz, Solidcore (formerly Polymetal), KazMunayGas and Kazatomprom.
In Kazakhstan, Freedom runs an entire ecosystem of financial services including retail and brokerage transactions, investment consulting, securities trading, investment banking and underwriting services. Timur Turlov, the founder of the holding, is the controlling shareholder with a 69.84% stake.
The company is headquartered in Almaty, with branch offices and subsidiaries in twenty countries, including Kazakhstan, the U.S., Cyprus, Poland, Spain, Uzbekistan and Azerbaijan, among others. The holding’s shares are traded on the Nasdaq Capital Market, KASE and AIX.
AIX was established in 2017 as part of the broader development of the Astana International Financial Center (AIFC). The stock exchange operates under English law and is controlled by the AIFC, the Shanghai Stock Exchange, the Silk Road Fund and Nasdaq, which shares a trading platform with AIX.
