Page 53 - ALEF EDUCATION PR RPEORT APRIL 2025

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

The company was launched in Dubai in 2018 by entrepreneur Rashid Al Ghurair, who comes from one of Dubai's most
prominent business families, and has operations in Oman and Egypt.

Cafu charged basic delivery fees from 2018 until the start of the Covid-19 pandemic. However, since the pandemic,
the company waived its delivery charges.

But in a shift in its business model, the company said in a circular to clients on Thursday that it will reintroduce fuel
delivery service charges.

“Keeping a service like this running, citywide 24/7, … takes a lot behind the scenes. We’ve absorbed those costs for
as long as we could. Now to continue delivering the experience you rely on, we are reintroducing a small delivery fee,”
the Cafu note said.

The priority slab, which promises full delivery in 20 minutes, will be charged at Dh20 per delivery. Standard delivery,
between 30 minutes and two hours, will be charged at Dh16. For overnight orders between 12am and 6am, a Dh12 fee
will be applied, the note stated.

“The UAE’s mega IPO bull wave will likely see another addition to its kitty. Interestingly, for Lazard, which has recently
opened its office in the UAE, the transaction’s success would mark its entry into the region, where its prolific
competitors like Rothschild hugely dominate,” said Vijay Valecha, chief investment officer at Dubai investment
company Century Financial.

“Apart from these revised slabs, the company has already earned revenue streams from multiple verticals introduced
over the past few years. These include the battery, car wash, tyre change, engine oil replacement, and emergency
rescue services. The app also allows for third-party partner advertisement, a likely advertisement and loyalty-related
revenue stream for the company.”

https://www.thenationalnews.com/business/markets/2025/04/26/cafu-uae-ipo/ 2/4