CAFU mulls stake sale to fuel expansion
Deal News | Apr 25, 2025 | Zawya
CAFU, a fuel delivery service based in Dubai, is considering a stake sale to raise funds. The company is working with Lazard, a financial advisory and asset management firm that recently established its presence in Abu Dhabi. Founded in 2018 by Rashid Al Ghurair, CAFU has expanded its services to Canada as well. The potential stake sale coincides with CAFU's decision to implement delivery charges after lifting them due to COVID-19. This move aligns with the broader theme of technology-dominated IPO pipeline in the UAE. Vijay Valecha of Century Financial noted CAFU's model as a successful example of integrating traditional business models into the digital space, setting benchmarks globally, with notable presence in North America. The possible listing of CAFU is seen as part of a growing trend in technology-driven IPOs.
Sectors
- Fuel and Energy
- Technology and Digital Services
- Financial Advisory
Geography
- United Arab Emirates – CAFU is based in the UAE, making this geography highly relevant to the article's context.
- Canada – CAFU has expanded its services to Canada, indicating its international operational footprint.
- North America – CAFU's comparison to other services in North America highlights the region as a significant market.
Industry
- Fuel and Energy – CAFU operates in the fuel delivery sector, providing services comparable to traditional gas stations, thus placing it in the fuel and energy industry.
- Technology and Digital Services – CAFU's business model integrates digital technology to enhance service delivery, representing the growing intersection of traditional energy services and digital platforms.
- Financial Advisory – Lazard, as a financial advisory firm involved in the potential stake sale, represents the financial advisory industry.
Financials
- – The article does not specify a financial amount related to the stake sale.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CAFU | Target Company | Company | A Dubai-based fuel delivery operator founded by Rashid Al Ghurair. |
| Lazard, Inc | Financial Advisor | Company | A financial advisory and asset management firm advising CAFU on its potential stake sale. |
| Rashid Al Ghurair | Founder and Entrepreneur | Person | Emirati entrepreneur and founder of CAFU. |
| Century Financial | Commenting Expert | Company | Financial advisory firm, represented by Chief Investment Officer Vijay Valecha, comments on the potential stake sale. |
| Vijay Valecha | Chief Investment Officer | Person | Chief Investment Officer at Century Financial, providing expert commentary on CAFU's potential stake sale. |