(Bloomberg) -- Infinity Power, a renewable energy developer partly owned by Masdar, is considering selling its shares on the Abu Dhabi stock exchange within the next two or three years, according to its chairman.
The Africa-focused firm’s timeline for listing will depend on market conditions, Mohamed Ismail Mansour said in an interview on Tuesday. Infinity Power, in which United Arab Emirates-based Masdar has a 49% stake, is also considering listing on exchanges in Dubai, Johannesburg, London, and Cairo.
The Middle East has become a global hotspot for initial public offerings, raising more than $12 billion this year. The UAE continues to lead the region in terms of listing volumes despite increased activity in Saudi Arabia and Oman.
“If we’re going to list today, our preference would be Abu Dhabi,” Mansour said. “Maybe that changes in a year or two. It depends on how the markets evolve.”
The company would probably list 20-30% of its shares initially and is also looking “very seriously” at issuing green bonds, he said. Infinity Power is working on getting a credit rating and hopes to issue a bond by the beginning of 2026, he added.
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