---
schema_version: "secwatch.filing_event.v1"
accession: "0000924805-22-000059"
form_type: "8-K"
ticker: "FRHC"
cik: "0000924805"
company_name: "Freedom Holding Corp."
filed_at: "2022-10-19T23:59:59+00:00"
generated_at: "2026-06-23T02:50:37.060356+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Freedom Holding to sell Russian subsidiaries to executive for $140M total consideration

## Summary
- Sells 100% of Freedom RU and FFIN Bank to Maxim Povalishin, Deputy General Director of Freedom RU.
- Total consideration ~$140M: assignment of ~RUB 6.6B ($107M) deferred obligation plus ~$33M cash.
- Transaction subject to Central Bank of Russia approval; closing expected in coming months.
- Preceding restructuring: company acquiring Freedom KZ from Freedom RU, closing before Russian sale.
- CEO cites geopolitical circumstances; sale enables focus on Kazakhstan, Europe, and US growth.

## SEC filing metadata
- accession: 0000924805-22-000059
- form_type: 8-K
- ticker: FRHC
- cik: 0000924805
- company_name: Freedom Holding Corp.
- filed_at: 2022-10-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924805/000092480522000059/0000924805-22-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924805/000092480522000059/frhc-20221017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000924805-22-000059
- JSON: https://secwatch.observer/filing/0000924805-22-000059.json
- Plain text: https://secwatch.observer/filing/0000924805-22-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.