Freedom Holding Corp. acquired online supermarket

22.06.23 14:08
/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 since 2019. unquote The full version of the press release is available on - [2023-06-22]