/KASE, June 22, 2023/ – Freedom Holding Corp. (USA), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated June 20, 2023:
quote
Freedom Holding Corp. announces the acquisition of a majority stake in the
amount of 81.92 % in Kazakhstan's company Arbuz Group, bought from a group of
private investors.
Timur Turlov, Chief Executive Officer of Freedom Holding Corp.:
"In recent years, Arbuz has become one of the flagships of Kazakhstan's food
tech industry. Convenience, speed and unique technological solutions of the
service contribute to the growth of its popularity among the public. Being one
of the largest domestic website, the startup also contributes a lot to the
development of e- commerce in the country. The current trends in the development
of the sector in the world and Kazakhstan in particular indicate that e-grocery
may well claim the role of a driver for the development of online sales in
general. Integration of Freedom Bank and Arbuz will provide the potential for
continuous improving the service, developing profitable bonus programs that
meet the needs of our customers. In turn, this will allow us to expand the
audience for the consumption of services by both companies and the entire
Freedom's ecosystem in Kazakhstan and strengthen our position in the market."
We remind you that Timur Turlov has been an investor in Arbuz.kz since 2019.
unquote
The full version of the press release is available on -
https://kase.kz/files/emitters/FRHC_KZ/frhc_kz_relizs_200623.pdf
[2023-06-22]