XTB MENA Introduces Fractional Shares in the UAE
December 12, 2023 - XTB MENA, the Dubai-based online investment platform has announced the addition of Fractional Shares to the UAE market.
Achraf Drid, CEO - Middle East & North Africa, XTB
Achraf Drid, CEO - Middle East & North Africa at XTB, elaborated on the rationale behind launching fractional shares in the Middle East, stating, "With fractional shares, we are removing barriers that previously hindered many of our Middle Eastern customers from participating in the stock market arena."
XTB explained in their press announcement that fractional shares also empower investors to engage with high-value stocks like Berkshire Hathaway's A-shares, currently trading at over USD 542,500. XTB's fractional shares make investment in such prestigious entities accessible, even for those with limited financial resources, providing an opportunity to tap into the potential growth of iconic companies. Achraf Drid continued, "We aim to foster an equity culture where private investors, irrespective of their portfolio size, can partake in the performance of companies they believe hold significant potential."
XTB's fractional shares represent genuine ownership of shares, as opposed to synthetic products. This means that investors are entitled to proportional dividend payments on the fractional shares they hold, with the remaining portion retained by XTB. The minimum transaction value for fractional shares is EUR 10, allowing investors to purchase fiduciary rights to a portion of a share or ETF listed on regulated markets. Additionally, there are no commissions for transactions involving fractional shares, provided they remain within the monthly limit of EUR 100,000.
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