All forward-looking statements are subject to uncertainty and changes in circumstances. This release contains "forward-looking" statements. The Company is headquartered in Almaty, Kazakhstan, with administrative office locations in Russia, Cyprus, and the United States.Ĭompany common shares are registered with the United States Securities and Exchange Commission and are traded in the United States on the Nasdaq Capital Market, operated by Nasdaq, Inc.Ĭautionary Note Regarding Forward-Looking Statements Through its subsidiaries the Company employs more than 2,900 persons and is a professional participant in the Kazakhstan Stock Exchange, Astana International Exchange, Moscow Exchange, Saint-Petersburg Exchange, Ukrainian Exchange, Republican Stock Exchange of Tashkent, Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and Nasdaq Stock Exchange. The company has been assigned "B" level rating by S&P Global Ratings and "kzBB+" national scale rating: Outlook - "Stable." In 2021 the company received awards for Best Online Insurance Company Kazakhstan, Best General Insurance Company Kazakhstan and Best Auto Insurance Company Kazakhstan from the Global Banking and Finance Awards.įreedom Holding Corp., a Nevada corporation, is a financial services holding company conducting retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services and consumer banking through its subsidiaries under the name of Freedom Finance in Europe and central Asia. The company offers its customers an online solution and conveniently located kiosks to acquire government mandated auto insurance policies and extended auto casualty coverage. Insurance Company Freedom Finance Insurance JSC is a leader of online insurance in Kazakhstan. The company has been assigned "B" level rating by S&P Global Ratings and a long-term credit rating by "kzBBB-"national scale: Outlook - "Positive." The company has more than 397,000 clients in Kazakhstan and holds approximately 50% market share of all air travel insurance issued in Kazakhstan. Insurance Company Freedom Finance Life JSC is a life insurance company providing online insurance products covering life, medical, travelers' insurance and lenders insurance. We expect the insurance companies will bring new opportunities to create synergies with our commercial banking and retail brokerage businesses in Kazakhstan, as we continue to expand our portfolio of assets dedicated to providing our clients high quality services delivered via convenient state of the art technologies." Sergey Lukyanov, Freedom Finance JSC Management Board Chairman, stated, "Receiving insurance holding company approval from the Kazakhstan government will allow us to further expand our consumer financial services with a line of popular insurance products. The acquisitions are scheduled to be completed prior to the Company's fiscal year end at March 31, 2022. The receipt of regulatory approval paves the way to complete the acquisitions of Insurance Company Freedom Finance Insurance JSC and Life Insurance Company Freedom Finance Life JSC announced in December 2021. (NASDAQ:FRHC) (the "Company") announced today that JSC Freedom Finance, a Company subsidiary, has received regulatory approval from the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market, to become an insurance holding company. ALMATY, KAZAKHSTAN / ACCESSWIRE / Febru/ Freedom Holding Corp.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |