Green Power Firm Keen to Stay Private Despite Abu Dhabi IPO Rush

The chief executive officer of Abu Dhabi’s largest renewables company said he prefers to stay private for now because the company is well funded — despite the regional boom in initial public offerings.

“If you have capital and it’s sufficient, why do you want to go public?” Masdar CEO Mohamed Jameel Al Ramahi said in an interview. “It adds more complexity on management.”