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By way of backgroundIn April of this year, Freedom Holding Corp. announced acquisition of ChessBase, one of the world's oldest and largest services specializing in chess software, analytics, and data. Expected investments in the project's development will amount to approximately €5 million.
The President of the Kazakhstan Chess Federation and the founder and the majority shareholder of Freedom Holding Corp., Timur Turlov, has nominated himself for the post of the Deputy President of the International Chess Federation (FIDE). The next elections to the FIDE leadership team will be held on September 26-27, 2026, in Samarkand (Uzbekistan), as part of the General Assembly of the International Chess Federation.
Timur Turlov is the Kazakhstani businessman, the founder and the majority shareholder of the international fintech company, Freedom Holding Corp. The group is headquartered in Almaty, Kazakhstan, and New York, USA. The company's revenue for the 2026 fiscal year was $2.2 billion. Since listing on Nasdaq in 2019, this figure has grown 26-fold. The company's market capitalization exceeds $8 billion, and Forbes estimates Turlov's private fortune at $5.5 billion.
The Freedom ecosystem includes banking divisions in Kazakhstan and Tajikistan, a brokerage business with nearly 1 million clients across all jurisdictions, insurance companies, marketplaces, and Lifestyle services. Timur Turlov's Freedom Holding Corp. operates in more than 20 countries. In addition to Kazakhstan and the United States, the group serves clients in the European Union and the Middle East. The Freedom ecosystem has a total of 14 million clients. This spring, the company announced agreements to acquire Turkish Bank A.Ş., the Turkish bank, and submitting documents to obtain a brokerage license in this country.