Pak Qatar Family Takaful Limited is all set to list itself at Pakistan Stock Exchange through an initial public offering with registration starting Dec. 8, aiming to raise approximately Rs. 1.1 billion.
In a statement, the organization said registration for book building would take place on Dec. 8-10, with the book-building taking place from Dec. 11-12. The company will offer 50 million shares at up to Rs. 21 per share through the book building process. It would start at Rs. 14/share with a maximum price band of up to 50% (Rs. 21/share).
Of the total 50 million shares, 37.5 million will be allotted through book-building to institutional buyers whereas remaining 25% (12.5 million) shares will be issued to general public.
Arif Habib Limited CEO Shahid Ali Habib, the lead manager for the IPO, said it would be 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, he added.
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 (incl. Window takaful) sector and a 90.47% market share of the dedicated family takaful segment and 6.6% of total life insurance business share.
It comprises a nationwide sales network of 73 branches and 1,971 field representatives, offering personalized investment and takaful solutions nationwide. It also 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.