TECOM Group is a major player in Dubai’s business landscape, managing and developing business parks that cater to key industries such as technology, media, education, and science. A subsidiary of Dubai Holding, TECOM operates iconic business hubs like Dubai Internet City, Dubai Media City, and Dubai Science Park, providing a vibrant ecosystem for both local and international companies. The group plays a critical role in Dubai’s diversification strategy, promoting innovation and entrepreneurship across various sectors. In 2022, TECOM Group launched its IPO on the Dubai Financial Market (DFM), raising $463 million. The IPO was part of Dubai’s broader push to list state-owned enterprises and further develop the local stock market.
TECOM Group’s IPO attracted strong investor interest due to its stable business model and its critical role in supporting Dubai’s economic growth and innovation initiatives. For investors looking to tap into Dubai’s thriving business infrastructure and the growing demand for specialized business parks, TECOM Group’s IPO presents an exciting opportunity.
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 TECOM Group 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 TECOM Group stocks
Let’s take a look at the fees for trading TECOM Group shares at our recommended brokers. You have to count with different kinds of fees when you are trading with TECOM Group 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 TECOM Group 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 TECOM Group 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 TECOM Group 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.