KARACHI: Pak-Qatar Family Takaful Limited’s initial public offering has concluded with significant investor interest, as the book-building phase was oversubscribed 3.2 times — marking the first-ever IPO of a dedicated family Takaful company at the Pakistan Stock Exchange.
The strike price was set at Rs18.02 per share against the floor price of Rs14. Total demand reached Rs1.67 billion compared to the issue size of Rs525 million, enabling the company to raise Rs676 million in equity.
Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager for the offering, said the landmark IPO represents a major milestone for Pakistan’s Islamic insurance segment. He noted that the strong response reflects investor confidence in PQFTL’s fundamentals and the broader potential of the Takaful industry.
Proceeds from the share sale will be utilized to meet regulatory capital requirements, expand digital distribution channels, and develop new customer-focused Takaful products. PQFTL is the country’s first and largest dedicated Family Takaful operator, holding a 44 percent share of the overall family Takaful market and over 90 percent of the dedicated Family Takaful segment.
Copyright Business Recorder, 2025