Pak-Qatar General Takaful set to go public next week
Pak-Qatar General Takaful Limited (PQGTL), a pioneer in Shariah-compliant non-life insurance solutions in Pakistan, is set to launch its Initial Public Offering (IPO) next week, aims to raise up to Rs 420 million.
The book-building process for the IPO is scheduled for January 21–22, with investor registration opening on January 16. PQGTL plans to issue 30 million shares at a floor price of Rs10 per share and a ceiling price of Rs14 per share.
Of the total shares, 75% (22.5m shares) will be allocated to institutional investors, while 25% (7.5m shares) will be offered to the general public. The public subscription window is scheduled for January 28–29, according to a statement released
Following the IPO, PQGTL will become the first dedicated general (non-life) takaful company listed on the Pakistan Stock Exchange (PSX), coinciding with the KSE-100 Index hitting record highs.
The listing is part of PQGTL’s strategy to strengthen its paid-up capital, meet regulatory requirements for non-life insurers and takaful operators, and support future growth initiatives.
Arif Habib Limited has been appointed as the consultant and book runner for the IPO.
This move follows the successful listing of Pak-Qatar Family Takaful Limited (PQFTL) last month, which raised Rs901m in Pakistan’s first-ever Islamic insurance sector IPO.
PQFTL’s IPO was oversubscribed 3.5 times, showing strong investor appetite for Shariah-compliant financial products in Pakistan.
The proceeds from the IPO will be utilized to fund strategic initiatives, including investments in software and intangible assets, hardware and infrastructure upgrades, marketing and brand development, human resource enhancement.
The proceeds will also be used for the establishment of new branches as well as the transformation of existing branches to enhance operational efficiency and customer experience.
PQGTL is part of the Pak-Qatar Group, a pioneer in Islamic financial services in Pakistan and backed by Qatar-based financial institutions.
The company offers a comprehensive range of Shariah-compliant general takaful products and will be the first dedicated general takaful operator to trade on the PSX.
Last week, the Securities and Exchange Commission of Pakistan (SECP) approved PQGTL’s IPO prospectus, highlighting the strong momentum in IPO activity on the PSX during FY2025–26.
PQGTL’s offering will be the sixth IPO on the PSX Main Board this fiscal year, marking a significant milestone for Pakistan’s Islamic insurance sector.
