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DESCRIPTION OF BUSINESS
 3 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DESCRIPTION OF BUSINESS DESCRIPTION OF BUSINESS
Overview
Freedom Holding Corp. (the "Company" or "FRHC" and, together with its subsidiaries, the "Group") is a corporation organized in the United States under the laws of the State of Nevada that through its operating subsidiaries provides securities brokerage, securities dealing for customers and for our own account, market making activities, investment research, investment counseling, investment banking services, retail and commercial banking, insurance products, payment services, and information processing services. The Company also owns several ancillary businesses which complement its core financial services businesses, including telecommunications and media businesses in Kazakhstan that are in a developmental stage. The Company is the holding company of subsidiaries incorporated in Kazakhstan, Cyprus, the United States, the United Kingdom, Armenia, the United Arab Emirates, Uzbekistan, Kyrgyzstan, Tajikistan, Azerbaijan, and Turkey, and also has a presence in Austria, Belgium, Bulgaria, France, Germany, Greece, Italy, Lithuania, The Netherlands, Poland and Spain. The Company's subsidiaries in the United States include a broker-dealer that is registered with the United States Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA"). The Company's common stock trades on the Nasdaq Capital Market, the Kazakhstan Stock Exchange ("KASE"), and the Astana International Exchange ("AIX").
As of June 30, 2024, the Company owned, directly or indirectly, the following companies:
Name of subsidiaryJurisdiction of IncorporationNumber of subsidiariesBusiness Area
Brokerage Segment
Freedom Finance JSC ("Freedom KZ")
Kazakhstan3
Securities broker-dealer
Freedom Finance Global PLC ("Freedom Global")
Kazakhstan—
Securities broker-dealer
Freedom Finance Europe Limited ("Freedom EU")
Cyprus2
Securities broker-dealer
Freedom Finance Armenia LLC ("Freedom AR")
Armenia—
Securities broker-dealer
Prime Executions, Inc. ("PrimeEx")
USA—Securities broker-dealer
Foreign Enterprise LLC Freedom Finance
Uzbekistan—
Securities broker-dealer
Banking Segment
Freedom Bank Kazakhstan JSC ("Freedom Bank KZ")
Kazakhstan1Commercial bank
Insurance Segment
Freedom Finance Life JSC ("Freedom Life")
Kazakhstan—Life/health insurance
Freedom Finance Insurance JSC ("Freedom Insurance")
Kazakhstan—General insurance
Other Segment
Ticketon Events LLP ("Ticketon")
Kazakhstan3Online ticket sales
Freedom Finance Special Purpose Company LTD ("Freedom SPC")
Kazakhstan—Issuance of debt securities
Freedom Finance Commercial LLP
Kazakhstan—Sales consulting
Freedom Technologies LLP ("Paybox")
Kazakhstan5Payment services
Aviata LLP ("Aviata")
Kazakhstan—Online travel ticket aggregator
Internet-Tourism LLP ("Internet Tourism")
Kazakhstan—Online travel ticket aggregator
Arbuz Group LLP ("Arbuz")
Kazakhstan3Online retail trade and e-commerce
Comrun LLP ("ReKassa")
Kazakhstan—Mobile and web application
Freedom Telecom Holding Limited ("Freedom Telecom")
Kazakhstan3Telecommunications
Freedom Kazakhstan PC Ltd
Kazakhstan8Holding company
Freedom Advertising Ltd
Kazakhstan—Advertising
Freedom Shapagat Corporate Fund
Kazakhstan—Non-profit
FRHC Fractional SPC LTD
Kazakhstan—Issuance of debt securities
Freedom Holding Operations LLPKazakhstan—Hiring and recruitment
Freedom Horizons LLPKazakhstan—Business consulting and services
Freedom Finance Azerbaijan LLC
Azerbaijan—Financial educational center
Freedom Finance FZE.
UAE—Consulting
Freedom Management Ltd.
UAE—Consulting
Freedom Finance Turkey LLC
Turkey—Financial consulting
Freedom Finance Technologies Ltd
Cyprus—IT development
Freedom Prime UK Limited ("Prime UK")
UK—Management consulting
Freedom Structured Products PLC
Cyprus—Financial services
FFIN Securities, Inc.
USA—Dormant
Freedom U.S. Market LLC
USA1Management company
LD Micro ("LD Micro")
USA—Event platform

Through its subsidiaries, the Company is a professional participant, with a license to provide one or more types of services, on a number of stock exchanges, including the Kazakhstan Stock Exchange (KASE), the Astana International Exchange (AIX), the Republican Stock Exchange of Tashkent (UZSE) and the Uzbek Republican Currency Exchange (UZCE) and is a member of the New York Stock Exchange (NYSE) and the Nasdaq Stock Exchange (Nasdaq). The Company also owns a
24.3% interest in the Ukrainian Exchange (UX). Freedom EU provides the Company's clients with operational support and access to investment opportunities in the United States and European securities markets.