The book building process for the Initial Public Offering (IPO) of Pak-Qatar Family Takaful Limited (PQFTL) officially commenced today, December 11, 2025, marking a historic milestone for Pakistan’s insurance and takaful sector. The bidding phase will continue through December 12, during which high-net-worth individuals and institutional investors can subscribe to 100 percent of the IPO’s issue size. Successful bidders will be provisionally allotted 75 percent of the shares, with the remaining 25 percent reserved for retail investors during the general public subscription phase.
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PQFTL aims to raise approximately Rs 1.1 billion through this offering, positioning itself as the first dedicated family takaful company to pursue an IPO on the Pakistan Stock Exchange (PSX). The book building starts at a floor price of Rs 14 per share and can rise to a ceiling of Rs 21 per share, reflecting a 50 percent price band that allows the market to determine the final strike price.
Shahid Ali Habib, CEO of Arif Habib Ltd. and lead manager for the IPO, highlighted the strong interest from institutional investors, noting that this debut offering represents a “historic” opportunity for Pakistan’s financial markets and insurance industry. The funds raised through the IPO will support PQFTL in meeting minimum capital requirements, expanding digital distribution channels, and developing new customer-centric takaful products to better serve policyholders across the country.
Backed by significant financial institutions from Qatar, the company plans to leverage the capital infusion to broaden its operations within Pakistan’s rapidly expanding insurance market. With retail participation and wider investor interest anticipated following the book building phase, this IPO stands to deepen market liquidity and offer a compelling investment avenue in a sector with substantial long-term growth potential.
