Pak-Qatar Family Takaful’s (PQFTL) initial public offering has been subscribed 3.2 times, marking the first IPO of a family takaful company on the Pakistan Stock Exchange (PSX).
Investor demand reached PKR1.67bn ($5.96m) against an issue size of PKR525m, resulting in equity proceeds of PKR676m, according to a statement filed with the PSX on 15 December 2025.
The strike price was set at PKR18.02 per share, above the floor price of PKR14, following a book-building process conducted on 11 and 12 December 2025.
A total of 258 investors participated in the book-building process, out of which 140 investors were allocated shares. The number of shares allocated through the book building process was 37.5m. Insurance companies received an allocation of 3,100,000 shares.
Mr Shahid Ali Habib, CEO of Arif Habib, the lead manager for the offering, said the IPO represents the first listing from Pakistan’s Islamic insurance sector, reflecting investor interest in the company’s business model and fundamentals.
PQFTL said the funds raised will be used to meet capital requirements, expand digital distribution channels and develop new customer-focused takaful products.
The company is Pakistan’s first and largest dedicated family takaful operator, holding a 44% share of the overall family takaful market and 90.47% share of tthe dedicated family takaful segment. It also accounts for 6.6% of Pakistan’s total life insurance business. M