Kazakhstan-based financial services firm Freedom Holding Corp.'s common shares have been approved for listing on the Saint-Petersburg Exchange.

CEO Timur Turlov said the listing continues Freedom Holding's practice of expanding its market presence by listing on securities exchanges where it has a strong client presence. He added that the move is expected to increase the company's visibility as a leading retail brokerage in the region.

Earlier in October, Turlov said Freedom Holding was considering a Russian ruble-denominated listing on the Moscow Exchange after the company's shares began trading on Nasdaq.