Pak Qatar Family Takaful Limited is all set to list itself at the Pakistan Stock Exchange through an IPO, with registration starting December 8.
Through this IPO (Initial Public Offering) , PQFTL is aiming to raise around Rs1.1 billion.
The registration for book building will start on December 8th, 9th and 10th, while Book Building will start from December 11th to 12th.
Pak-Qatar Family Takaful Ltd will offer 50 million shares at up to Rs21 per share through a book-building process. The book building would start at Rs 14 per share, and it can go up to Rs 21 per share with a maximum price band of up to 50% (PKR 21 per Share).
Out of the total 50 million shares, the company will allot 37.5 million shares through book building to institutional buyers. Whereas it will issue the remaining 25% (12.5 million ) shares to the general public.
Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager for the IPO, said that it would be the first-ever IPO of any dedicated Family Takaful Company in Pakistan, and investors are showing strong interest in this offering.
Proceeds from the IPO will help Pak-Qatar Family Takaful meet minimum capital requirements, expand its digital channels, and develop more customer-focused products, Habib said.
The company, which has strong backing from Qatar’s financial sector, plans to use the proceeds to expand its operations and product offerings in Pakistan’s rapidly growing insurance market.
Pak-Qatar Family Takaful Limited :
Pak-Qatar Family Takaful Limited (PQFTL) is Pakistan’s first and largest company dedicated exclusively to Family Takaful, having a 44% market share of the family takaful (inclusive Window takaful) sector and a 90.47% market share of the dedicated family takaful segment & with 6.6% of total life insurance business share.
Comprising a nationwide sales network with 73 branches and 1,971 field representatives, PQTFL offers personalised investment and takaful solutions across Pakistan. PQFTL also has strategic partnerships with 14 leading banks to offer protection solutions through bank branches and digital platforms.
In 2024, Pakistan’s insurance penetration remained low at 0.7%, though rising education and better economic conditions suggest strong future growth potential.
The global insurance industry has grown rapidly but unevenly, with advanced economies seeing over 10% penetration, while emerging markets in EMEA and Asia lag.
