KARACHI: Pak-Qatar General Takaful Limited (PQGTL), Pakistan’s leading Shariah-compliant general (Non-life) Takaful operator, marked a defining moment in its corporate journey by listing on the Pakistan Stock Exchange (PSX) as the Gong Ceremony held at the (PSX) Trading Hall, following its historic and record-breaking IPO.
PQGTL, which is a part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial services group, was successfully listed on the PSX as Pakistan’s first “Dedicated Non-Life” Takaful operator: an achievement that stands as one of the most remarkable milestones in Pakistan’s capital market and Islamic financial services history.
PQGTL created history during the IPO and broke many records delivering an unprecedented performance, with the book building portion oversubscribed by an extraordinary 21 times, while the public offering witnessed a 9.6 times oversubscription. Reflecting exceptional investor demand, a total of 13,013 applications were received which is the highest ever recorded in Pakistan’s IPO history. In a landmark development, and for the first time in Pakistan’s IPO landscape, the general public portion was enhanced from 25 percent to 30 percent, further broadening investor participation.
Speaking on the occasion, Saqib Zeeshan CEO PQGTL stated: We are grateful to Almighty Allah for this historic listing of a first “Dedicated Non-life” Takaful operator and the extraordinary response from investors. This record-breaking IPO reflects the deep trust by all stake holders in our Shariah-compliant business model, governance framework, and long-term vision for the development of the Islamic financial ecosystem. We remain committed to delivering sustainable value, innovation, and ethical financial solutions for all stakeholders.”
Arif Habib Limited (AHL) was the Lead Arranger to the Issue, playing a pivotal role in managing the IPO process and ensuring its successful execution. Shahid Ali Habib, CEO AHL said: “We are pleased to highlight the successful IPO of Pak-Qatar General Takaful Limited (PQGTL), which was oversubscribed by an exceptional 21x during the book-building process, reflecting strong and widespread investor confidence. The IPO attracted total demand of PKR 4.74 billion and achieved the maximum 40 percent premium, underscoring robust market appetite and a positive assessment of the Company’s fundamentals, governance, and long-term growth prospects.”
Copyright Business Recorder, 2026
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