Dubai Fuel Delivery Firm Cafu Said to Weigh First Stake Sale (1)

Dubai-based Cafu, a fuel-delivery service, is looking to raise funds by selling a stake in the business for the first time, according to people familiar with the matter.

The startup, founded in 2018 by a member of a prominent Emirati merchant family, is working with Lazard Ltd., the people said, requesting anonymity because the information is private. The discussions are at a preliminary stage, and no final decisions have been made.

Representatives for Cafu and Lazard declined to comment.

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