Latest news with #CAFU
Zawya
25-04-2025
- Business
- Zawya
Dubai fuel delivery operator CAFU mulls stake sale
CAFU, the Dubai-based fuel delivery operator, is mulling a stake sale as the company looks to raise funds. According to a Bloomberg report, the fuel delivery service is reportedly collaborating with financial advisory and asset management firm Lazard, Inc for the stake sale. Lazard established its offices in Abu Dhabi, earlier this month in a bid to deepen its presence in the MENA region. Founded in 2018 by Emirati entrepreneur Rashid Al Ghurair, CAFU delivers fuel at gas station prices and has expanded to Canada. News of the stake sale came shortly after CAFU announced it was rolling out delivery charges, which had been suspended in the aftermath of COVID-19. Diverse IPO offering According to Vijay Valecha, Chief Investment Officer, Century Financial, a possible CAFU stake sale would bring a diverse offering to the UAE's IPO pipeline. 'For new entrants to the UAE and Gulf digital tech startup space, CAFU's business model idea has served as a benchmark for best integrating and evolving traditional business models into the new online and digital tech space,' Valecha said. Globally, CAFU's business model has served well in several countries, with Valecha calling North America as the biggest market for this segment with services including Yoshi, Gaston, Ez Fill, Booster & Fuelster, along with American oil companies Shell and Mobil having also introduced their services in this segment. For the UAE, a possible listing by CAFU tracks with analyst data that have pointed out a growing theme around technology in the short to mid-term IPO pipeline. (Writing by Bindu Rai, editing by Seban Scaria)
Zawya
06-03-2025
- Business
- Zawya
Adyen activates consumer donations in the UAE
The partnership with UNHCR, will provide support to displaced people and families from Syria, Yemen, Bangladesh, Sudan, Afghanistan and beyond Adyen will match all consumer donations made through 2025 Dubai, United Arab Emirates: Adyen, the financial technology platform of choice for leading businesses, is partnering with UNHCR, the UN Refugee Agency, to facilitate seamless donations at checkout in the UAE through its Adyen Giving feature. Leading businesses Alshaya Group, Al Mana Fashion Group Sports Division, and CAFU will be the first in the country to offer this initiative, enabling customers at select stores to effortlessly donate at checkout in support of UNHCR's efforts to provide displaced families with safe shelter, meals, medical aid and more. Adyen Giving was established in 2020 and allows businesses around the globe to integrate charitable donations into their payment process. As part of its broader social impact strategy, Adyen will cover all associated costs, including scheme and interchange fees, ensuring that 100% of donations reach UNHCR. Additionally, Adyen will match every donation made at participating stores throughout 2025, further amplifying the impact of each contribution. 'Ramadan is a time of generosity and reflection, and we are excited to introduce Adyen Giving in the UAE to support UNHCR's vital work,' said Daumantas Grigaravicius, Head of Middle East at Adyen. 'With 2025 declared as the 'Year of Community' in the UAE, this collaboration with Alshaya Group, Al Mana Fashion Group Sports Division, and CAFU makes it easier for people to give back while they shop, or when they order car services on the go. This will help strengthen community bonds and foster a culture of compassion.' The donation feature will be available at selected stores across the UAE, including Shake Shack under Alshaya Group, and GO Sport under Al Mana Fashion Group Sports Division. Additionally, customers paying directly on CAFU's payment terminals will have the option to donate, with the feature soon expanding to CAFU's app for all users. To contribute to UNHCR's initiatives supporting communities, customers simply need to select the donation option at checkout. Rami Shishan, Head of Partnerships at UNHCR UAE, said: 'This partnership with Adyen during Ramadan enables shoppers in the UAE to make a real difference in the lives of men, women and children who have been forced to flee violence, conflict and persecution. With every donation at checkout, customers are contributing to essential relief efforts, and with Adyen matching each contribution, the impact is doubled.' UNHCR has been a long-standing partner of Adyen Giving, helping to direct donations to critical humanitarian efforts worldwide. To learn more about UNHCR's efforts, visit: For more information about Adyen Giving, visit: About Adyen Adyen (ADYEN:AMS) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft. Adyen continuously improves and expands its product offering as part of its ordinary course of business. New products and features are announced via press releases and product updates on the company's website. For media inquiries, please contact: Raneem Abudaqqa Nawras Communications E: Raneem@
