ADNOC Logistics & Services (ADNOC L&S) is a vital subsidiary of the Abu Dhabi National Oil Company (ADNOC), providing integrated shipping, logistics, and marine services to support the oil and gas industry. As the largest and most diversified shipping company in the region, ADNOC L&S plays a crucial role in transporting oil and gas products worldwide. Its services are essential to the seamless functioning of ADNOC’s extensive operations, making it a valuable asset in the energy supply chain. In 2023, ADNOC L&S launched its IPO on the Abu Dhabi Securities Exchange (ADX), raising $769 million, a move that garnered substantial interest from institutional investors.
ADNOC L&S’s IPO reflects ADNOC’s broader efforts to monetize its subsidiaries and offer investors access to key sectors of the UAE’s energy industry. The IPO has given investors a unique opportunity to participate in the growing logistics and maritime sectors, which are integral to ADNOC’s overall strategy. This listing highlights ADNOC L&S’s potential to grow and expand its global footprint in the energy transport and logistics markets.
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 L&S 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 L&S stocks
Let’s take a look at the fees for trading ADNOC L&S shares at our recommended brokers. You have to count with different kinds of fees when you are trading with ADNOC L&S 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 L&S 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 L&S 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 L&S 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.