Freedom Holding Corp. updates on Russian subsidiary divestiture; CEO granted Kazakhstani citizenship

Freedom Holding Corp.

CEO Timur Turlov granted Kazakhstani citizenship; relinquished Russian and Saint Kitts and Nevis citizenships.
Divestiture of Russian subsidiaries (Freedom Russia, Freedom Bank RU) delayed; will only fund maintenance until compliant sale.
Company to continue corporate restructuring making Freedom KZ directly owned by parent.
OFAC guidance prevented original divestiture plan; company complies with U.S. sanctions for any future transaction.

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