Timur Turlov’s Freedom Holding joins Russell 3000 Index
Freedom Holding Corp. has announced that its shares will be included in the Russell 3000 stock market index, which tracks the performance of the largest American companies.
The stock will be added to the U.S. index on June 27, 2025, after market close. The Russell 3000 Index comprises more than 3,000 publicly traded companies, representing 98% of the U.S. equity market. According to Freedom Holding Corp., being included in such a benchmark reflects investor recognition and could attract interest from global investment funds such as the iShares Russell 3000 ETF (IWV) and the Vanguard Russell 3000 ETF (VTHR).
«The inclusion of Freedom Holding Corp. in the prestigious Russell 3000 Index is a significant milestone for us, affirming the company’s sustainable growth and strengthening its position in global financial markets. This recognition reflects the hard work and dedication of our entire team, as well as our ongoing commitment to creating value for shareholders. We are confident that this development will raise the company’s profile among institutional investors, expand our shareholder base and reinforce our role as a key player in the financial industry,» said Timur Turlov, CEO of Freedom Holding Corp.
Inclusion in the Russell 3000 Index also means the company will be part of either the Russell 1000 (large-cap) or Russell 2000 (small-cap) index, along with their corresponding growth and value indexes. It is not yet known which category FRHC will fall under; that information will be revealed when the index updates in June.
Timur Turlov is the founder and largest shareholder of Freedom Holding Corp., owning a 69.52% stake. As of mid-April, his net worth reached $7 billion, making him the richest person in Kazakhstan, according to Forbes. Since the beginning of the year, the holding’s stock price has risen by more than 25%. The company’s market capitalization has exceeded $10 billion, surpassing Kazatomprom, the world’s largest uranium producer.
Earlier this week, Freedom Holding Corp. ranked first among financial companies in Kazakhstan in a list of the most attractive employers, compiled by the recruitment firm Ancor.
The holding is registered in the U.S. In Kazakhstan, it offers brokerage services under the brands Freedom Broker (a member of KASE) and Freedom Finance Global (a member of AIX). Other subsidiaries operating in the country include Freedom Bank, Freedom Insurance and Freedom Life.
