Pak-Qatar General Takaful Limited, a subsidiary of the Pak-Qatar Group, is preparing to launch its Initial Public Offering next week, aiming to raise up to Rs420 million from the capital market. The development marks another significant milestone for Pakistan’s Islamic finance and insurance sector, following strong investor interest in recent Shariah-compliant offerings.
According to a company statement, the book-building process for the IPO will take place on January 21 and 22, while investor registration will open on January 16. Pak-Qatar General Takaful has appointed Arif Habib Limited as the consultant and book runner for the offering, a role that includes managing the book-building process and facilitating investor participation.
Under the IPO structure, the company plans to issue a total of 30 million shares, with a price band set between Rs10 and Rs14 per share. Of the total shares on offer, 22.5 million shares, representing 75 percent, will be allocated to institutional investors through the book-building process. The remaining 7.5 million shares, or 25 percent, will be offered to the general public, with subscription dates scheduled for January 28 and 29.
Upon listing, Pak-Qatar General Takaful Limited will become the first dedicated general, or non-life, takaful operator to be listed on the Pakistan Stock Exchange. The listing comes at a time when the benchmark KSE-100 Index has been posting record highs, reflecting improved market sentiment and growing investor participation in equity offerings.
The planned IPO follows the successful public offering of Pak-Qatar Family Takaful Limited in December, which raised Rs901 million at a strike price of Rs18.02 per share. That offering was oversubscribed by 3.5 times, highlighting strong demand for Shariah-compliant financial products and reinforcing confidence in the takaful segment among institutional and retail investors.
Market participants see the upcoming PQGTL listing as a further indication of the growing depth of Pakistan’s Islamic finance ecosystem, particularly within the insurance sector, which has been expanding steadily in recent years. The listing is also expected to provide investors with a new avenue to gain exposure to the takaful industry through the public market.
The company has stated that the proceeds from the IPO will be utilised to support a range of strategic initiatives. These include investments in software and technology, infrastructure development, marketing activities, human resource strengthening, and the expansion of branch networks. The planned investments are aimed at enhancing operational efficiency, supporting business growth and improving the overall customer experience.
With back-to-back takaful IPOs attracting strong interest, the capital market response suggests increasing investor confidence in Shariah-compliant financial institutions. The listing of Pak-Qatar General Takaful is expected to further diversify the Pakistan Stock Exchange and contribute to the continued development of the country’s Islamic finance and insurance landscape.
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