Listed at Euronext in Amsterdam (Stock Symbol: OCI)
How to Open a Trading Account to Invest in OCI Shares
Opening an investment account with an Online Broker is a process that is completed online and requires:
First, choose the broker that best fits you. Here, we present eToro as the main choice.
Upload an ID and a proof of address (electricity, water bills, etc.), through the Broker's App or via email.
Whether you open it with eToro or with another broker, make sure to choose the right base currency of the account. With some brokers, changing it once you open the account can be painful. Trading Accounts may be based in US Dollars (USD), Euros (EUR), Pound Sterling (GBP), Swiss Franc (CHF), Australian Dollar (AUD) as the base currency. Practically all of them offer the option in US Dollars or Euros.
Once the account has been approved by the Broker, it's time to deposit cash. The depositing and withdrawing money methods are usually Credit Cards, Bank Transfers or eWallets (PayPal, PaySafe, Skrill, SafetyPay, Neteller, among many others). The available options to deposit funds will depend on each Broker. A vital fact to mention is that all of the Brokers presented above allow you to use a simulator on their platform, that is, they allow testing their Demo account, which is totally Free. In other words, you can open a Demo account, try the platform, and then decide whether to deposit money or not.
Upon the capital is credited into your credited account, you may now buy the Stock.
Is it easy to invest in OCI Shares?
Online Brokers allow investing in Shares straightforwardly through optimized apps that grant easy and fast access to financial markets. In fact, most platforms resemble a social network or any other phone app: They are designed so that the investor can learn and start trading very quickly, without the need for much prior knowledge. Literally, to buy shares of OCI, you have to:
open a trading account as explained before,
Search for "OCI" on the Broker's Trading platform, and
press the "Buy" button.
And, done, you are officially investing in the co's shares.
Starting in 1950, OCI NV is an Amsterdam-based fertiliser producer involved in construction and cement production in Africa and the Middle East. OCI NV, previously known as Orascom Construction Industries, was founded in Egypt by the Sawiris family, which served as its headquarters until 2013. The company sold all of its cement operations to the French firm Lafarge Group in 2008. OCI NV’s focus remains on nitrogen fertiliser and melamine.
OCI NV went public in 2013, with shares available for purchase at around €20 per unit. OCI NV stock is listed on the Amsterdam Stock Exchange. In 2014, OCI NV announced a split, with construction activities spun-off into a new public company called Orascom Construction Limited.
The new company is listed on the Cairo Exchange and the Nasdaq Dubai. Since the split, OCI NV performance has exceeded some expectations, with the company constructing one of the largest methanol plants in the world in cooperation with its partners.