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4/28/25, 10:11 AM UAE’s IPO pipeline set for growth with potential Cafu stake sale | The National

Cafu has been delivering fuel to customers’ doorsteps at the same price as petrol stations. Reem Mohammed /
The National

Business Markets

UAE’s IPO pipeline set for growth with potential

Cafu stake sale

After waiving delivery fees during the pandemic, the fuel service company has reintroduced the charges

Deepthi Nair
April 26, 2025

The UAE’s initial public offering pipeline is set to become more diverse with Dubai-based fuel delivery start-up
Cafu reportedly considering a stake sale amid strong investor appetite for new listings.

The fuel delivery and vehicle service company is looking to raise funds by selling a stake in the business for the first
time, Bloomberg reported, quoting sources.

The start-up is working with financial advisory and asset management firm Lazard for the IPO, but the discussions are
at a preliminary stage, and no final decisions have been made, it added.

However, the company has not confirmed the exact details of the amount or the date of the IPO.

Cafu has been delivering fuel to customers’ doorsteps at the same price as petrol stations, without charging an extra
markup. In recent years, it has also introduced an at-home car services package, which consists of on-demand
battery, tyre change services, engine oil change, and emergency rescue services.

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