The Turkish Capital Markets Board has approved the request from Freedom Financial Services (Freedom Finansal Hizmetler AŞ) to establish a new brokerage firm, as stated in the Turkish regulator's newsletter dated January 9, 2025.
The document reveals that the new broker will be named Freedom Investment Securities AŞ (in Turkish, Freedom Yatırım Menkul Değerler AŞ). The announcement from the Turkish regulator does not provide further details about its launch.
According to the company's reports, Freedom Holding Corp. has a subsidiary in Turkey—Freedom Finance Turkey LLC, which was registered in 2022 in Istanbul and specializes in financial consulting. During a meeting with journalists in December 2024, Timur Turlov, the founder and majority owner of Freedom Holding Corp., discussed the holding's plans to operate in Turkey (as well as in the UAE)—expressing intentions to obtain "registrations and licenses" in these countries. However, he noted that "this process, especially obtaining a license, takes years."
Timur Turlov ranks fourth in the list of the 50 most influential people (2024) and fifth in the ranking of the 75 richest businessmen in Kazakhstan (2024). Forbes Kazakhstan estimates his net worth at $3.3 billion.