Pak Qatar General Takaful files draft prospectus ahead of IPO

December 04, 2025 (MLN): Pakistan’s first dedicated Islamic family Takaful company, Pak Qatar Family Takaful Limited (PQFTL), is set to go public as placed its draft prospectus on the Pakistan Stock Exchange (PSX), inviting public feedback ahead of its Initial Public Offering (IPO).

The last date for submitting comments set for December 10, 2025.

PQFTL is the largest operator in Pakistan’s family Takaful market, holding a 44% share of the family Takaful segment and a 90.47% share in dedicated Takaful products.

In terms of the overall life insurance market, the company controls 6.6%, underscoring its strong position in Shariah-compliant financial services.

PQGTL plans to list on the PSX Main Board with a total issue size of 30 million ordinary shares, each having a par value of PKR 10.

The IPO will follow a Book Building Method for 75% of the shares (22.5 million shares) at a floor price of PKR 10, with a maximum price band of 40% (up to PKR 14).

The remaining 25% (7.5 million shares) will be offered to retail investors at the strike price, fully underwritten.

Arif Habib Limited has been appointed as the lead manager for the IPO.

The company intends to use the proceeds to fund strategic initiatives aimed at strengthening operational efficiency, customer experience, and market presence.

Planned allocations include upgrading IT infrastructure and software, branch expansion and renovation, human resource development, brand-building activities, and enhancing digital sales capabilities.

PQGTL aims to leverage these initiatives to reinforce its financial resilience and competitiveness in Pakistan’s growing Takaful market.

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