Freedom Dealer International Markets, a subsidiary of Freedom Holding Corp. (FRHC), has obtained a Monetary Providers Permission from the Monetary Providers Regulatory Authority (FSRA) of Abu Dhabi International Market (ADGM), marking an additional growth of the group’s presence within the UAE.
Freedom Holding Corp. is a US-listed worldwide monetary group working in additional than 20 international locations. The newly granted licence represents a key milestone within the group’s world development technique and positions Abu Dhabi as one in all its strategic hubs for worldwide growth.
The UAE continues to differentiate itself by way of a quickly creating monetary ecosystem, a powerful regulatory framework and an more and more outstanding function as a worldwide capital hub. Underneath the ADGM permission, Freedom Dealer International Markets is authorised to conduct a variety of regulated actions, together with dealing in investments as matched principal, offering custody and managing property, in addition to arranging offers in investments and advising on investments or credit score. The scope of the licence permits the agency to supply complete brokerage and funding providers to worldwide and high-net-worth purchasers, whereas contributing to the event of native capital markets.
Commenting on the approval, Vladimir Pochekuev, Companion at Freedom Holding Corp. and Chairman of the Board of Freedom Administration, the ADGM-registered holding firm managing FRHC’s property within the UAE, stated: “Acquiring an ADGM licence is a superb honour for us and a powerful vote of confidence from one of many world’s most revered monetary jurisdictions. We view our presence within the UAE not merely as a enterprise growth, however as a long-term dedication to contributing to the nation’s monetary ecosystem – bringing world experience, superior infrastructure, and supporting the event of a clear and complex capital market.”
The regulatory approval from ADGM displays a excessive stage of belief in Freedom’s operations and underscores Freedom Holding Corp.’s continued dedication to working in full compliance with worldwide regulatory requirements.
