Borouge is a leading petrochemicals company, specializing in the production of polyolefins, which are essential in the manufacturing of various plastic products used across industries. As a joint venture between Abu Dhabi National Oil Company (ADNOC) and Austria’s Borealis, Borouge serves the global market with innovative solutions in packaging, infrastructure, energy, and agriculture. In 2022, Borouge went public with a highly anticipated IPO on the Abu Dhabi Securities Exchange (ADX), raising $2 billion. This IPO was one of the largest in the UAE, reflecting the company’s dominant position in the petrochemical sector and its ambitious growth strategy.
The Borouge IPO attracted a significant amount of investor interest, particularly given its strong backing by ADNOC and its crucial role in supporting key industries. With growing global demand for petrochemicals and plastic solutions, Borouge is well-positioned for long-term growth. For investors looking to capitalize on the energy and petrochemical sectors, Borouge presents a unique opportunity to tap into one of the UAE’s most prominent industrial players.
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 Borouge shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
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.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Fees for trading Borouge stocks
Let’s take a look at the fees for trading Borouge shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Borouge 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 Borouge 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 Borouge 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 Borouge 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.