The book building process of Pak Qatar Family Takaful Limited’s IPO will start on 11th December and continue till 12th December where high net worth individuals and institutional investors will subscribe to 100 percent of the issue size.
The successful bidders, however, will be provisionally allotted only 75 percent of the issue size; i.e., 37,500,000 shares, and the company will offer the remaining 25 percent or 12,500,000 shares to the retail investors through the general public subscription.
Through this IPO, PQFTL is aiming to raise approx. Rs. 1.1 billion. The book building would start at Rs.14.00 per share and it can go up to Rs. 21.00 per share with a maximum price band of up to 50% (PKR 21.00 per Share).
Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager for the IPO said that country’s first-ever IPO of any dedicated Family Takaful Company is all set to make historic debut at PSX which is receiving strong interest from institutional investors.
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.
PQFTL is Pakistan’s first and largest dedicated Family Takaful operator, commanding a 44percent share of the overall family Takaful market and a dominant 90.47 percent share of the dedicated family Takaful segment. It holds 6.6 percent of the country’s total life insurance business.
Comprising of a nationwide sales network with 73 branches and 1,971 field representatives, PQTFL offers personalized 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 behind.
