PQFTL targets Rs1.1bn through IPO, book building opens today

December 11, 2025 (MLN):  Pak-Qatar Family Takaful Limited’s (PQFTL) IPO book-building will open today, December 11, continuing through December 12, with institutional and high-net-worth investors set to bid for the full 100% issue size.

Under the structure of the IPO, successful bidders will receive a provisional allotment of 75% of the issue, 37.5 million shares while the remaining 25%, or 12.5 million shares, will be offered to retail investors during the public subscription phase, said a press release issued.

PQFTL aims to raise approximately Rs. 1.1 billion through the offering. The book-building will begin at a floor price of Rs. 14 per share and may rise as high as Rs. 21, a 50% allowable price band.

According to Shahid Ali Habib, CEO of Arif Habib Limited and lead manager for the issue, Pakistan’s first-ever IPO by a dedicated Family Takaful company is poised for a landmark listing on the Pakistan Stock Exchange, supported by strong institutional interest.

The funds raised will enable PQFTL to meet regulatory capital requirements, enhance its digital distribution capabilities, and roll out more customer-centric takaful and investment products.

Backed by prominent financial institutions from Qatar, the company plans to broaden its footprint in Pakistan’s expanding insurance and takaful market.

PQFTL is the country’s pioneer and largest dedicated Family Takaful operator, commanding 44% of the family takaful market and an overwhelming 90.47% share within the dedicated segment.

It also holds a 6.6% share of Pakistan’s overall life insurance sector.

With 73 branches, nearly 2,000 field representatives, and partnerships with 14 major banks, the company delivers tailored takaful and investment solutions nationwide through both physical and digital channels.

Despite Pakistan’s low insurance penetration of 0.7% in 2024, improving financial awareness and economic conditions point to substantial growth prospects, mirroring global trends where insurance uptake is significantly higher in developed markets.

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