Pak-Qatar Family Takaful Limited (PQFTL) has successfully concluded its initial public offering (IPO) book-building with an oversubscription of 3.2 times. This marks the first-ever IPO of a dedicated Family Takaful company listed on the Pakistan Stock Exchange (PSX).
The IPO attracted strong investor interest, with the strike price closing at Rs 18.02 per share, above the floor price of Rs 14. Total demand reached Rs 1.67 billion against the issue size of Rs 525 million, resulting in a total equity raise of Rs 676 million.
Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager for the IPO, said the offering reflects high investor confidence in Pak-Qatar Family Takaful. He noted that proceeds from the IPO would support the company in meeting capital requirements, expanding digital channels, and launching new customer-focused Takaful products.
Pak-Qatar Family Takaful is the largest dedicated Family Takaful operator in Pakistan. The company holds a 44 percent share of the overall family Takaful market and commands a dominant 90.47 percent of the dedicated family Takaful segment. It also contributes 6.6 percent to the country’s total life insurance market.
Market analysts say the oversubscription highlights growing interest in Shariah-compliant financial products. The successful IPO also signals that the Islamic insurance sector in Pakistan is gaining traction among investors seeking both growth and ethical investment options.
The Pak-Qatar IPO is considered a landmark development for the Islamic finance sector in Pakistan. It not only strengthens the company’s financial position but also enhances the visibility and credibility of Takaful services in the country.
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With strong fundamentals and growing investor confidence, Pak-Qatar Family Takaful is expected to expand its market share and continue leading Pakistan’s family Takaful segment.
