Freedom Holding Shares Surge 6.89% Following Plans for $500M Bond Issuance to Fund Global Expansion

Freedom Holding Corp. shares surged 6.89% to $123.50 after CEO Timur Turlov detailed aggressive expansion plans, including the acquisition of banks in Kazakhstan and Turkey.

• To fund these strategic acquisitions, the holding is actively considering issuing up to $500 million in bonds aimed at U.S. investors.
• The funding will also support continued investment in the $2 billion sovereign AI hub.