The Securities and Exchange Commission of Pakistan has approved the prospectus for the Initial Public Offering of Pak-Qatar General Takaful Limited, paving the way for the listing of the country’s first dedicated General Takaful company on the Pakistan Stock Exchange. The offering involves the issuance of 30 million ordinary shares, representing 29.67 percent of the company’s post-IPO paid-up capital.
According to details shared by the regulator, the IPO will be conducted through the book-building method. Under this structure, 75 percent of the offered shares will be allocated to institutional investors and high-net-worth individuals through the book-building process, while the remaining 25 percent will be offered to retail investors. The structure reflects prevailing market practices aimed at efficient price discovery and broad investor participation.
Pak-Qatar General Takaful Limited operates as a Shariah-compliant insurer, offering a range of general, or non-life, Takaful products. With the approval of its prospectus, PQGTL is set to become the first standalone General Takaful company to be listed on the Pakistan Stock Exchange, marking an important development for both the insurance and Islamic finance segments of the capital market.
The SECP noted that IPO activity has gathered strong momentum during the ongoing fiscal year 2025-26. The PQGTL offering will be the sixth IPO to be listed on the PSX Main Board so far this fiscal year, reflecting renewed interest in equity market listings amid improving market conditions and investor appetite.
The regulator also highlighted that the approval of PQGTL’s prospectus is the second such approval granted within the first week of calendar year 2026. This early-year activity signals a positive outlook for the capital markets, with more companies opting to raise capital through public offerings.
According to the SECP, new listings play a vital role in the development of capital markets by enhancing transparency, strengthening corporate governance standards, and expanding the range of investment opportunities available to investors. Public listings also encourage better disclosure practices and accountability, which contribute to overall market confidence.
The commission further noted that IPOs enable companies to access long-term capital to support growth and expansion, while providing investors with detailed disclosures that support informed investment decisions. This dual benefit reinforces the role of public markets as a sustainable source of financing for businesses.
Reaffirming its stance, the SECP stated that it remains committed to maintaining a supportive and enabling regulatory framework to encourage new listings. The regulator emphasized that fostering a healthy IPO pipeline is essential for long-term investment growth, market depth, and the continued development of Pakistan’s capital markets.
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