Pak-Qatar Family Takaful Limited (PQFTL) is set to become the first dedicated family takaful company to list on the Pakistan Stock Exchange. The company will open its initial public offering (IPO) for registration on December 8, aiming to raise approximately Rs. 1.1 billion.
The IPO will consist of 50 million shares offered through a book-building process. The price range is set between Rs. 14.00 and Rs. 21.00 per share, representing a 50 percent price band. Out of the total shares, 37.5 million will be allocated to institutional investors, while 12.5 million shares, or 25 percent, will be available to the general public. Registration for book building will run from December 8 to 10, with the book-building process scheduled for December 11 and 12.
Pak-Qatar Family Takaful is Pakistan’s first and largest company focused exclusively on family takaful. It holds a 44 percent share of the overall family takaful market, including window takaful, and dominates the dedicated family takaful segment with a 90.47 percent share. The company also contributes 6.6 percent to the country’s total life insurance sector.
The company operates a nationwide network of 73 branches and nearly 2,000 field representatives. Pak-Qatar Family Takaful has partnerships with 14 major banks to provide protection solutions through both bank branches and digital platforms. It offers personalized investment and takaful services to its customers.
Despite Pakistan’s low insurance penetration at 0.7 percent in 2024, rising education levels and improving economic conditions indicate strong growth potential. The Pak-Qatar IPO comes at a time when the global insurance industry is expanding, with advanced economies having penetration rates above 10 percent, while emerging markets like Pakistan continue to grow gradually.
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The IPO marks a significant step for Pak-Qatar Family Takaful and Pakistan’s financial protection sector, giving investors an opportunity to participate in the country’s growing takaful and insurance market.
