Drake & Scull International PJSC is a prominent engineering and construction company based in the UAE. Specializing in infrastructure, mechanical, electrical, and plumbing (MEP) services, the company has been involved in major projects across the Middle East and North Africa (MENA) region. With decades of experience in providing high-quality construction services, Drake & Scull has established a strong reputation in the industry. After facing financial challenges in recent years, the company has focused on restructuring and is now preparing for an IPO in 2024. The IPO is expected to provide a fresh capital infusion and help the company stabilize and pursue growth opportunities.
Investors are closely watching the Drake & Scull IPO as the company remains a key player in the region’s construction and infrastructure sectors. For those seeking exposure to the construction industry, this IPO offers an opportunity to invest in a company with deep roots in the UAE and a track record of delivering on complex projects. With the region’s continued focus on infrastructure development, Drake & Scull is positioned for a potential turnaround.
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 Drake & Scull International PJSC 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 Drake & Scull International PJSC stocks
Let’s take a look at the fees for trading Drake & Scull International PJSC shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Drake & Scull 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 Drake & Scull 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 Drake & Scull International PJSC 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 Drake & Scull 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.