Freedom Finance AE

He who works all day, has no time to make money (John Rockefeller)

We are pleased to announce that ratings agency S&P has raised the long-term credit ratings of Freedom Holding Corp. to 'B/B' with a 'stable' outlook. According to the agency, the reason for the upgrade was the reduced compliance risk following the holding company’s recent sale of its Russian assets.

"The stable outlook on the group companies' ratings reflects our expectation that over the next 12-18 months, the group will retain strong ability to generate profit while maintaining at least adequate capitalization level amid the acquisitions of new assets," S&P said in a statement.

Happy Women's Day to strong, smart, talented and simply wonderful women! We love and appreciate you.

We are excited to announce that Freedom Holding Corp. (FRHC) has reached an agreement to acquire U.S. investment bank Maxim Group and its investment advisory affiliate Maxim Financial Advisors. The acquisition is valued at around $400 million in cash and common stock.

The deal, subject to regulatory approvals, will allow Freedom Holding Corp. to widen its capital markets know-how and expand its global reach in order to continue providing its customers with cutting-edge investment solutions.

Timur Turlov, CEO of Freedom Holding Corp., commented on the deal: "We are committed to growing our global footprint, and we recognize that having a significant U.S. presence is an important part of this strategy. Adding Maxim as a trusted partner through this cornerstone transaction will turbocharge our growth as we continue to expand our U.S. operations."

More info: https://freedom24.com/news/13394-freedom-holding-corp-acquire-investment-bank-maxim-group

Freedom Holding Corp. reports net income growth to $62.9mn in Q3 FY2023 📈

Freedom Holding Corp., the founder of Freedom Finance DХB, today announced the following results for the quarter ended December 31, 2022, as compared to the corresponding period of last fiscal year:

✅ Net income increased to $62.9mn, up 16% from $54.4mn

✅ Earnings per share rose to $1.36 from $0.91, based on a weighted average number of shares of 59.5mn.

✅ Revenue increased to $214.5mn, up 38% from $155.2mn

✅ Interest income rose to $80.3mn, up 138% from $33.7mn

✅ Assets increased to $5.37bn, up 66% from $3.23bn

The results continue to demonstrate the strength of our strategy and our team's ability to navigate challenges and outperform.

More about our results: https://www.sec.gov/ix?doc=/Archives/edgar/data/924805/000092480523000013/frhc-20221231.htm

Have you read Benjamin Graham “The Intelligent Investor”? What is your favorite quote?

"How to invest in stocks?”, - we asked the new AI network ChatGPT. Here are the answers:

A proper investing in the stocks has several steps:

1. Learn more about the business you are going to invest in.

2. Figure out your investment goals - long-term capital growth or additional income.

3. Reduce risks by allocating investments across different sectors, industries, and companies.

4. Keep track of your investments and markets.

5. Apply stop-loss orders and other risk management strategies to protect your investments.

6. Do not let emotions affect your decisions and stick with your investment strategy.

Please note that investing in stocks involves varying degrees of risk, and past performance of an investment is no guarantee for its future performance. We recommended you to consult with your financial advisor before making any investment decisions.

After another business breakfast, we noticed that more and more women investors are coming to our event. Last Thursday around 30% of the guests were women and this trend is very encouraging.

Also, our last event was attended by a real Prince and we really appreciate the trust placed in us. We really hope that one day a Sheikh will also join our business breakfast.

See you soon!

Happy new year 兔 you 🏮

“A tree trunk the size of a man grows from a blade as thin as a hair. A tower nine stories high is built from a small heap of earth. The journey of a thousand miles begins with a single step,” – Lao Tzu.

The first business breakfast in the new year was held at the Capital Club Dubai.
On the topic "Market trends and expectations in 2023" 📈
We invited 25 guests, but 35 came and it was great!

✅ NOW 4 REASONS WHY YOU SHOULD VISIT OUR BUSINESS BREAKFAST:

1) Learn the latest trends from the global market
2) Quality networking
3) Always top location
4) And of course we have the most delicious business - breakfast in Dubai

🗓 Next event will be 26th January.
You are invited!

Timur Turlov, Freedom Holding Corp. CEO, shared his expectations for the stock market in 2023 in an interview with Portuguese financial newspaper Dinheiro Vivo.

“Markets are driven by expectations, and current prices suggest that the economy might be heading for recession. However, even if it is milder than expected, it will be enough for the market to grow after the fall in 2022,” Turlov believes.

He dismissed the idea that it was not safe to invest in the stock market during a recession. “It's too late to sell, but I believe that there are many opportunities for smart investors now, and inflation will continue to spur stock prices. As prices increase, profits get higher,” Turlov added.

You can read the full interview: https://freedom24.com/news/13343-timur-turlov-interview-dinheiro-vivo-market-grow

NYSE Group has announced 2023, 2024 and 2025 Holiday Calendar.

Please note that in 2023, the NYSE Group markets are closed on Monday, January 2, and Monday, January 16.

The NYSE Group’s Holiday Calendar is available here: https://ir.theice.com/press/news-details/2022/NYSE-Group-Announces-2023-2024-and-2025-Holiday-and-Early-Closings-Calendar/default.aspx

UAE financial markets operate normally throughout January: UAE authorities have declared just Sunday, January 1, 2023, as an official UAE holiday for private sector employees.

We want to take this opportunity to sincerely wish you a Merry Christmas and a joyous holiday season!

May this Christmas bring you the gifts of peace and joy and may the New Year be filled with all the prosperity and well-being.

We look forward to working with you next year,
Merry Christmas and a prosperous New Year!

US household inflation expectations for the next 12 months declined in November to the lowest level since August 2021, reports Bloomberg siting to a Federal Reserve Bank of New York survey.

According to a survey, households in November expected inflation to be 5.2% over the coming 12 months, down from 5.7% the month before.

Moreover, inflation expectations declined further in early December. Last Friday the University of Michigan published the preliminary December reading on the overall index of consumer sentiment. The survey highlights better consumer sentiment, while consumer inflation expectations for next 12 months fell from 4.9% to 4.6% in November.

However, the St. Louis Fed 1-year expected inflation indicator highlights that it is unlikely that inflation will come back into the Fed favored range 1.5-2.5% over the next 12 months. Still the dynamic is improving rapidly and we could see inflation to decline into the 3-4% area next year.

On 8 December, the exhibition "AWAKENING" by Timur D'Vats opened in the gallery of Natalya Andakulova, in which we are a sponsor. Timur D'Vats is an artist endowed with a unique talent. He is inspired by ancient history, medieval tapestries and Celtic mythology. He is also fond of alchemy and the ideals of the Pre-Raphaelites, which is reflected in his paintings. The works of Timur D'Vatz are in the collections of the royal families of Bahrain and Britain. Timur's decorative works are very suitable for the festive mood that is in the air before the Christmas and New Year holidays. We congratulate Natalya Andakulova on the opening of the exhibition and are always happy to support.

Today was our last "Traditional business breakfast on Thursdays" of the year with the theme "How to preserve capital in the conditions of high inflation and volatility". Instead of the expected 25 guests, 45 guests came to the event. After the presentation, many questions were asked. Thanks to our colleagues Zubin Mitthaiwalla and Paul Aver for the excellent presentation.

Our next business - breakfast will take place in the new year on 12th January.
You are invited!

Do you agree with Warren Buffett about Investing, Life & Success?

We wish you a good holiday!

National Day directly follows Commemoration Day – and there’s a public holiday.

Commemoration Day is observed on November 30 but the public holiday for the private sector is on December 1, marking the UAE’s formal nationalisation. Independence from the UK and the Trucial States came in 1971.

With National Day 2022 straight after, it means people in the UAE get December 1-4 off.

Celebrating this breakaway moment normally includes massive firework displays, which last until Sunday.
Are you planning to celebrate this holiday? There’s so much to do in the UAE.

Let us present you view by country!

🌏 The macroeconomic situation continues to worsen – both the Fed and market participants are downgrading forecasts regarding the dynamics of GDP and unemployment in the USA in 2023. Inflation dynamics (primarily, core inflation) remains more stable compared to the expectations of the regulator and market participants.

In our opinion, the general stock market situation is in favor of maintaining a bearish sentiment for next few quarters, until recession risks actually materialize or until they are removed. Besides, we do not exclude local strong impulses if the Fed is signaling that it is willing to pause the cycle of rate cuts, or when the regulator details the actual terminal rate, or in case of pronounced progress in inflation dynamics in the coming months.

🇦🇪 UAE
Taking into account political risks persisting in the energy sector, coordinated actions of OPEC+, and medium-term drivers favorable for the country, together with some of the best stock market results (CAGR of quotations since 2007 is 10%, since 2017 is 14%) and profound protective features during declines in the US market, we prefer the UAE market. Currency risks do not threaten the UAE, as the exchange rate is linked tightly to the USD.

The Freedom Finance DХB Company team continues its friendship with the Consulate General of the Republic of Uzbekistan, which is why we held a joint business breakfast at the Capital Club Dubai, dedicated to the topic “Investment Opportunities of the Republic of Uzbekistan”.

The Freedom Finance team talked about:
• UAE STOCK EXCHANGE
• THE REPUBLICAN STOCK EXCHANGE "TASHKENT"
• GLOBAL MARKET NOW

The Freedom Finance DХB Company team thanks the Consulate General of the Republic of Uzbekistan and especially Abdulaziz Urolboevich Akkulov – Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan and Alisher Salomov, Consul-General of Uzbekistan in Dubai and the Northern Emirates for this opportunity for their support and openness to new ideas.

We will be glad to participate in new joint projects.

We are pleased to announce that Citigroup veteran Jon V. Rogers has been appointed as Executive Vice President of Freedom Capital Markets (FCM), part of Freedom Holding Corp. With his appointment, Mr. Rogers also joins FCM’s Management and Investment Committees.

"Jon will play a pivotal role in all strategic initiatives as we continue to expand Freedom's U.S. footprint and offerings. His experience analysing equity transactions at Citi will also be very beneficial as we build out our investment banking practice," said Robert Wotczak, President and CEO of Freedom Capital Markets.

Mr. Rogers joins Freedom Capital Markets from Citigroup Global Markets, where he spent the previous two decades serving as Managing Director, Head of Americas for all U.S. and Latin America Equity Research.

We welcome Mr. Rogers to the team and look forward to the productive cooperation!

More information: https://freedom24.com/news/13272-freedom-capital-markets-john-rogers-vice-president

The Canadian University Dubai welcomed Freedom Finance DХB to its avant-garde campus at City Walk Dubai to deliver an enlightening workshop on Global financial markets, focused on current and future expectations with analytics from our award-winning team.
The event was attended by both students and faculty members.

Freedom Finance was represented by Markus Maier, Director, Yana Makarevich, Associate Director, and Aleksandr Korenev, Associate Director. Each distinguished speaker shared their unique background story – marking solid career paths through an interesting journey in the finance landscape.

“Economic cycles play an important role in trading. To select the correct time to invest – be well-informed and knowledgeable about concepts of economic cycles”. Aleksandr Korenev, Associate Director, Freedom Finance DХB

Freedom Finance demonstrated a great global expansion since its establishment in 2008 – with a strong presence in 15 countries and over 100 offices. With sound knowledge and advice, the team presented insights into several pathways offered within the United Arab Emirates. Moreover, insights into the global market and analytics were presented, along with technical analysis and fundamental forecasts.

Empowering educational seminars from Aleksandr Korenev summarized four rules of trading, namely:
• Statistics and Probability Theory plays a crucial role in predicting outcomes
• Knowledge about economic cycles can help to understand the right time to invest
• The principle of universalism, applied to each asset class
• The importance to calculate an expected value.

Yana Makarevich: “If life were predictable it would cease to be life and be without flavor.” Eleanor Roosevelt, Former first lady of the United States

The Freedom Finance team would like to thank the Canadian University Dubai for the warm welcome and the opportunity to share our experience.

📊 Freedom Holding Corp. announces financial results for Q2 FY2023

Freedom Holding Corp., the founder of Freedom Finance DХB, has released its financial results for the second fiscal quarter ended on September 30, 2022.

✅ Assets increased by 48% to $4.784mn from $3.227mn in Q2 FY2021
✅ Net income amounted to $27.2mn
✅ Earnings per share stood at $0.45, based on a weighted average number of shares of 59.5mn
✅ Revenue amounted to $180mn vs $317mn in Q2 FY2021
✅ Number of client accounts down by 35% QoQ to 310,000 due to the sale of business in Russia.

Read more: https://www.sec.gov/ix?doc=/Archives/edgar/data/0000924805/000092480522000073/frhc-20220930.htm

Freedom Finance in collaboration with Sotheby's was proud to host a viewing of a rarely-sighted celebrity earlier today - . Weighing 303.10 carts, the fancy yellow diamond is not only one of the largest polished diamonds in the world, but the largest flawless or internally flawless diamond ever graded by the Gemological Institute of America GIA Education.

The diamond was found by accident in the Congo by a little girl who thought it was just a stone. Miracles happen!

Many thanks to Natalya Andakulova for her help in organizing the event and for participating in the lecture "Investing in luxury goods".

Stay Tuned

RapNet - The Diamond Market

Meet the two main stock exchanges in the UAE — the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX).

Both marketplaces:

• were launched in 2000

• provide access to all types of financial instruments approved by Securities and Commodities Authority (SCA)

The DFM was the first stock exchange in the Middle East to conduct its own IPO, and also merged operations with Nasdaq Dubai to expand the list of investment instruments. In 2022, two of the UAE's largest public utility providers placed their shares on the DFM: DEWA (Dubai Electricity & Water Authority, electricity and water supply) and Empower (Emirates Central Cooling Systems Corporation, air conditioners and ventilation).

The ADX provides access to both the Main Market and the Growth Market, where private companies can be directly listed instead of the more complex IPO procedure. Today, the ADX came in second place in the Arab region in terms of market value increase.

At the Consulate General of the Republic of Uzbekistan in Dubai, Freedom Finance DХB’s team met with Mr. Abdulaziz Uralbayevich Akkulov, Ambassador Extraordinary and Plenipotentiary of Uzbekistan to the UAE, Mr. Salomov Alisher Samandarovich, Consul General of the Republic of Uzbekistan in the UAE, and Mr. Sarvar Khamidov, Representative of the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan in the UAE.

Our meeting was very productive – we discussed the possibility of interacting with Uzbek businesses in the UAE. We are grateful to the representatives of the consulate for this meeting, and hope for a long and fruitful relationship.

Uzautomotors

When it comes to increasing your Market Knowledge, the biggest hurdle can be figuring out where to begin. At first glance, Global markets may seem daunting in its complexity. Below are six of the best books, to help you navigate this complex subject. This vetted list of great books will help to understand the world of Finance and build on you knowledge. Which of the following have you already read, and what is waiting on the bookshelf?

1📗 The Intelligent Investor. It's considered a must-have for new investors who are trying to figure out the basics of how the market works. Legendary investor Warren Buffett discusses “by far the best book on investing ever written”.
2📗 The Intelligent Asset Allocator. It is a must-read book for long run investing. The author just the idea that a truly large fortune can only be made over time, and not in seconds. The book will help to form a consistent and effective investment strategy.
3📗 Come Into My Trading Room: A Complete Guide to Trading. An advanced easy to read book with a lot of practical advice. The book reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization. Exact instructions for trading on the stock exchange will help to avoid the main beginners’ mistakes.
4📗 The Warren Buffett Way. The book describes simple rules to investing success. Throughout the careful analyses of an issuer's financial results, it states how to generate profits and prevent losses.
5📗 Bulls, Bears, and Millionaires: War Stories of the Trading Life. The book consists of interviews with Wall Street's elite, exploring the motivation, adversity, redemption, and excitement of trading.
6📗 The Black Swan: The Impact of the Highly Improbable. A central idea in Taleb's book is the philosophy and psychology of financial markets, helping to prepare mentally for Black Swan events, which can change everything at any moment.

Freedom Finance DХB met with the "White Bears“ – the top hockey club in Dubai.

Yes, Dubai, with all this sand and sun, we have strong hockey clubs!

And in order to win in hockey – just like in global market – you need a right, thoughtfully chosen strategy.

At our meeting with the hockey team, we talked about current market trends and answered players questions.

We are hopeful for future collaborations with the Dubai White Bears and wish them good luck in the new season!

Business clubs often invite us to speak as market experts, to share our experience of entering the UAE market.

A very popular question is: “Why are we in Dubai?".

The answer is obvious – we have similar values. We are also developing constantly, setting global goals and have a long-term strategic mindset.

At one of the meetings, Freedom Finance DХB’s Director Taras Kozik answered specifics questions how to the entry the UAE market, and explained what new market players should expect.

Everyone enthusiastically shared their experience, believing that we are stronger together.