ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), is a key player in the global oil and gas industry. The company specializes in natural gas processing and distribution, playing a critical role in the UAE’s energy sector. ADNOC Gas handles much of the UAE’s natural gas supply, making it a strategic asset for both domestic consumption and export. In 2023, ADNOC Gas made headlines with its IPO on the Abu Dhabi Securities Exchange (ADX), raising an impressive $2.5 billion. This offering attracted significant attention, not only due to the company’s strong market position but also because of the growing global demand for natural gas.
The ADNOC Gas IPO is part of ADNOC’s strategy to unlock value from its vast energy resources while offering investors a chance to gain exposure to one of the largest and most stable energy companies in the region. The IPO was oversubscribed, highlighting the confidence investors have in ADNOC Gas’s long-term growth potential and its critical role in the global energy transition.
IPOs are risky investments. If you want to invest in one, make sure you are well-informed.
If you would like to take a step back and read about how to buy shares online, click here.
Top broker for buying ADNOC Gas shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a popular investment platform in the UAE, offering access to IPOs with a simple and user-friendly interface. It allows investors to participate in newly listed companies with fractional shares, making it accessible to those with smaller capital. The platform provides access to global markets, making it a convenient option for UAE investors interested in diversifying their portfolios with IPO investments.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fees for trading ADNOC Gas IPO stocks
Let’s take a look at the fees for trading ADNOC Gas shares at our recommended brokers. You have to count with different kinds of fees when you are trading with ADNOC Gas shares.
Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade, or $0.005/share. Needless to say, these are different at each broker.
Let’s see the fees of trading with ADNOC Gas shares at our recommended broker eToro.
| Fee Type | Amount | Details |
|---|---|---|
| Commission on Stocks | $0.00 | No commission for buying non-leveraged stocks, including IPOs |
| Spread (CFDs) | Varies | Charged based on the difference between buy/sell prices |
| Currency Conversion Fee | 0.5% | Applied to non-USD deposits/withdrawals |
| Withdrawal Fee | $5 per withdrawal | Fixed fee for each withdrawal from the account |
| Inactivity Fee | $10/month | Applied after 12 months of inactivity |
| Overnight/Weekend Fees | Varies (x3 on weekends) | Charged on open CFD positions |
Conclusion
In conclusion, you can purchase ADNOC Gas stock once trading begins. Here are four simple steps to follow:
- Choose a broker
- Set up your account
- Add funds to the account
- Purchase the stock
Although it may seem complicated, just break it down into manageable steps. Keep in mind that opening and funding an account can take some time, so it’s smart to plan ahead if you want to trade ADNOC Gas shares on the first day.
For more information on IPOs, take a look at our article on IPO investing. If you’re still uncertain, try our broker selector tool to help you choose the right online broker for your needs.