Page 102 - AAE PR REPORT - August 2024

8/22/24, 1:14 PM The stock lure: IPOs and dividend payouts are magnets for yield-hungry investors in GCC | The National
If you're a resident, you need to acquire a National Investor Number, which is valid for

trading on both ADX and DFM.

Apart from going physically to the ADX and DFM offices, investors can also get the NIN

through the options below:

1. ADX app and/or their accredited brokerage firms

2. DFM app

3. Any accredited brokerage firm’s app (including banks which allow investments)

4. Sahmi app in conjunction with UAE Pass

Choose a broker

Investors can open an investment account with any broker listed on the DFM website.

Alternatively, many banks now offer integrated investment services through their apps,

allowing trade directly from the bank account.

Understand the fee structure

Review and understand the fee structure of the chosen broker or bank.

Start investing

Once the investment account is set up and funded, an investor can start trading through the

broker or the bank platform. They should research stocks, place orders and then manage

their investments.

Courtesy: Wali Khan, investor

https://www.thenationalnews.com/business/money/2024/08/20/the-stock-lure-ipos-and-dividend-payouts-are-magnets-for-yield-hungry-investors-in-gcc/ 9/9