Pak Qatar General Takaful files draft prospectus ahead of IPO

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Nilam Bano | December 04, 2025 at 01:00 PM GMT+05:00

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December 04, 2025 (MLN): Pakistan’s first dedicated Islamic General  Takaful Company , Pak Qatar General  Takaful Limited (PQGTL), is set to go public as it has 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 is December 10, 2025.

This listing marks a significant milestone for the Pakistan market, as PQGTL becomes the first dedicated Islamic general Takaful company to be listed. Backed by the strong international presence of the Pak-Qatar Group, PQGTL combines Shariah-compliant ethics with modern, technology-driven operations, positioning itself as a pioneer in Pakistan’s growing Takaful landscape.

PQGTL offers a comprehensive range of Shariah-compliant general Takaful products, including motor, health, property, marine, travel and other coverages. Each product is designed to provide ethical, transparent, and customer-focused protection solutions. 

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 Consultant to the Issue 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.

Copyright Mettis Link News 

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