<SEC-DOCUMENT>0000929638-24-003056.txt : 20240903
<SEC-HEADER>0000929638-24-003056.hdr.sgml : 20240903
<ACCEPTANCE-DATETIME>20240903160018
ACCESSION NUMBER:		0000929638-24-003056
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240729
FILED AS OF DATE:		20240903
DATE AS OF CHANGE:		20240903

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Zhumagulov Aidos
		CENTRAL INDEX KEY:			0002033865
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33034
		FILM NUMBER:		241273912

	MAIL ADDRESS:	
		STREET 1:		BOCK 1, ABISH KEKILBAYEV STREET, 270
		STREET 2:		APARTMENT 423
		CITY:			ALMATY
		STATE:			1P
		ZIP:			050060

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Freedom Holding Corp.
		CENTRAL INDEX KEY:			0000924805
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				300233726
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		ESENTAI TOWER BC, FLOOR 7
		STREET 2:		77/7 AL FARABI AVE.
		CITY:			ALMATY
		STATE:			1P
		ZIP:			050040
		BUSINESS PHONE:		1-212-309-6000

	MAIL ADDRESS:	
		STREET 1:		ESENTAI TOWER BC, FLOOR 7
		STREET 2:		77/7 AL FARABI AVE.
		CITY:			ALMATY
		STATE:			1P
		ZIP:			050040

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BMB MUNAI INC
		DATE OF NAME CHANGE:	20031218

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERUNION FINANCIAL CORP
		DATE OF NAME CHANGE:	19960719
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2024-07-29</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000924805</issuerCik>
        <issuerName>Freedom Holding Corp.</issuerName>
        <issuerTradingSymbol>FRHC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002033865</rptOwnerCik>
            <rptOwnerName>Zhumagulov Aidos</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ESENTAI TOWER BC, FLOOR 7</rptOwnerStreet1>
            <rptOwnerStreet2>77/7 AL FARABI AVE</rptOwnerStreet2>
            <rptOwnerCity>ALMATY</rptOwnerCity>
            <rptOwnerState>1P</rptOwnerState>
            <rptOwnerZipCode>050040</rptOwnerZipCode>
            <rptOwnerStateDescription>KAZAKSTAN</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>see below*</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>152013</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8499</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Spouse</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">In connection with the filing on July 29, 2024, of Freedom Holding Corp.'s (the &quot;Company&quot;) proxy statement for its 2024 annual meeting, the Company determined that the reporting person was an &quot;officer&quot; for purposes of Section 16 of the Exchange Act of 1934, as amended.</footnote>
        <footnote id="F2">On May 18, 2021, Mr. Zhumagulov was awarded 30,000 restricted shares of common stock of the Company under the Company's 2019 Equity Incentive Plan (the &quot;Plan&quot;). 6,000 shares of that grant vested on May 18, 2022. Assuming satisfaction of applicable vesting conditions, which include continuous service with the Company and market price conditions tied to the performance of the Company's common stock, vesting of the shares will occur as follows: 6,000 shares on each anniversary of the award date through May 18, 2026.</footnote>
        <footnote id="F3">On March 1, 2024, Mr. Zhumagulov was awarded 140,628 restricted shares of common stock of the Company under the Plan. 23,438 shares of that grant vested on April 4, 2024. Assuming satisfaction of applicable vesting conditions, which include continuous service with the Company and market price conditions tied to the performance of the Company's common stock, vesting of the shares will occur as follows: 23,438 shares annually through January 25, 2029.</footnote>
    </footnotes>

    <remarks>* Freedom KZ Advisor to the Development and International Cooperation Dept. &amp; Freedom Bank KZ Board Member</remarks>

    <ownerSignature>
        <signatureName>/s/ Aidos Zhumagulov</signatureName>
        <signatureDate>2024-09-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
