BlackRock Emerges As Principal Shareholder In Freedom Holding Corp

by THEFUTURE.TEAM

September 3, 2025

Strategic Investment Boost

BlackRock has taken a pivotal step by surging to the position of the second-largest shareholder in Freedom Holding Corp, elevating its stake to 0.85 percent with an investment valued at approximately $89 million. This move, which involved the acquisition of an additional 443,965 shares for a total holding of 520,565 shares, strategically positions BlackRock just behind founder and CEO Timur Turlov.

Global Institutional Confidence

The investment by BlackRock underscores a broader trend of growing global institutional confidence in Freedom Holding Corp. This sentiment is shared by other major investors including State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management. CEO Timur Turlov commented on the positive market reception, stating, “We welcome the growing interest from global institutional investors. The presence of partners such as BlackRock confirms the resilience of our business and the strategic potential of Freedom Holding in international markets.”

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Financial Strength and Expanded Horizons

Freedom Holding Corp, which is traded on NASDAQ under the ticker FRHC, continues to demonstrate robust financial performance. For the 2025 fiscal year, the company reported revenue of $2.05 billion—a 23 percent increase year-on-year—and a net profit of $84.5 million, alongside an asset expansion from $8.3 billion to $9.9 billion. As the parent firm of the Freedom24 investment platform, Freedom Holding is also advancing its international footprint by developing a comprehensive ecosystem that includes banking, insurance, brokerage, and a suite of digital lifestyle services.

Conclusion

BlackRock’s enhanced stake not only highlights its confidence in Freedom Holding’s strategic direction but also reinforces the company’s strong market position and growth prospects. As the largest asset manager continues to deploy its significant resources and risk analytics expertise through its industry-leading platforms, the investment marks a clear vote of confidence in Freedom Holding’s ongoing international expansion and innovative financial strategy.

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Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

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Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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