Pak-Qatar Family Takaful Limited is set to list on the Pakistan Stock Exchange through an initial public offering (IPO) with registration starting on 8th December, aiming to raise approximately Rs1.1 billion. The registration for book building will take place on 8th, 9th, and 10th December, while the book-building process will run from 11th to 12th December 2025, according to an official press release.
The company will offer 50 million shares at a price band of Rs14 to Rs21 per share, with a maximum allowable price increase of up to 50 percent. Of these shares, 37.5 million will be allocated to institutional buyers through book building, and the remaining 12.5 million shares, or 25 percent, will be offered to the general public. Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager for the IPO, highlighted that this will be the first-ever IPO of a dedicated Family Takaful company in Pakistan, attracting strong interest from investors.
Proceeds from the IPO are expected to help Pak-Qatar Family Takaful meet minimum capital requirements, expand its digital channels, and develop more customer-focused products. Backed by Qatar’s financial sector, the company plans to use the raised funds to scale operations and broaden product offerings in Pakistan’s rapidly growing insurance market.
Pak-Qatar Family Takaful Limited is Pakistan’s first and largest company dedicated exclusively to Family Takaful, holding a 44 percent market share in the family takaful sector, including window takaful, and a 90.47 percent share of the dedicated family takaful segment. The company also holds 6.6 percent of the total life insurance business in Pakistan.
PQFTL operates a nationwide network of 73 branches and 1,971 field representatives, offering personalized investment and takaful solutions across the country. It also maintains strategic partnerships with 14 leading banks to provide protection solutions through bank branches and digital platforms.
In 2024, Pakistan’s insurance penetration remained low at 0.7 percent. However, rising education levels and improving economic conditions indicate strong growth potential. Globally, insurance penetration has grown rapidly but unevenly, with advanced economies exceeding 10 percent, while emerging markets in EMEA and Asia lag behind.
The upcoming IPO is significant for Pakistan’s financial technology and insurance sectors, representing a milestone in the adoption of digital and customer-focused financial services. PQFTL’s listing is expected to strengthen its capital base, enhance operational reach, and set a benchmark for future insurance and fintech IPOs in the country.
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