SECP approves IPO prospectus of Pak-Qatar General Takaful

The Securities and Exchange Commission of Pakistan (SECP) has approved the prospectus for the Initial Public Offering (IPO) of Pak-Qatar General Takaful Limited (PQGTL), involving the issuance of 30 million ordinary shares, representing 29.67 percent of the company’s post-IPO paid-up capital.

According to the SECP, the IPO will be offered through the book-building method, with 75 percent of the shares allocated to institutional and high-net-worth investors under book building, while the remaining 25 percent will be offered to retail investors.

PQGTL is a Shariah-compliant insurer providing general (non-life) Takaful products and will become the first dedicated General Takaful company to be listed on the Pakistan Stock Exchange (PSX).

The regulator noted that IPO activity has gained strong momentum during FY2025-26, with the PQGTL offering marking the sixth IPO on the PSX Main Board so far this fiscal year.

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It is also the second prospectus approved by the SECP within the first week of calendar year 2026.

The SECP stated that new listings contribute to capital market development by improving transparency, strengthening corporate governance, and expanding investment opportunities.

IPOs also enable companies to access long-term capital while providing investors with enhanced disclosures for informed decision-making.

The commission reaffirmed its commitment to maintaining a supportive regulatory framework aimed at encouraging new listings as a sustainable source of financing and investment growth.