CAFU Considers Stake Sale Amid Expansion Plans
Deal News | Apr 25, 2025 | Zawya
CAFU, the Dubai-based fuel delivery company, is contemplating a stake sale to raise funds. The company, founded in 2018 by Rashid Al Ghurair, is working with financial advisory firm Lazard on the potential sale. CAFU, known for delivering fuel at gas station prices, has expanded to North America and resumed its delivery charges after suspending them during COVID-19. A stake sale could introduce a diverse option in the UAE's IPO market, reflecting an ongoing trend of technology-driven companies in the region's IPO pipeline. Industry expert Vijay Valecha notes CAFU's model as a benchmark in the digital tech integration space with North America cited as the largest market for fuel delivery services.
Sectors
- Fuel Delivery Service
- Financial Advisory
- Technology and Digital Services
Geography
- United Arab Emirates – CAFU is a Dubai-based company considering a stake sale as part of its expansion strategy.
- North America – CAFU has expanded its fuel delivery services to Canada, and North America represents a significant market for this industry.
Industry
- Fuel Delivery Service – CAFU operates in the fuel delivery sector, delivering fuel directly to consumers at gas station prices.
- Financial Advisory – Lazard, involved in advising CAFU on the stake sale, is part of the financial advisory industry.
- Technology and Digital Services – CAFU represents tech-driven solutions, integrating traditional fuel delivery with digital platforms.
Financials
- Not specified – The potential stake sale amount is not disclosed at this stage.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CAFU | Target | Company | A Dubai-based fuel delivery operator founded by Rashid Al Ghurair. |
| Lazard, Inc | Financial Advisor | Company | An asset management and financial advisory firm advising CAFU on its potential stake sale. |
| Rashid Al Ghurair | Founder | Person | Emirati entrepreneur who founded CAFU in 2018. |
| Century Financial | Commentary | Company | Provided expert commentary on the potential impact of CAFU's stake sale. |
| Vijay Valecha | Chief Investment Officer | Person | Chief Investment Officer at Century Financial who provided insights on CAFU's position in the market. |