Pak Qatar General Takaful IPO Targets Rs420mn as PSX Welcomes First Non Life Takaful Listing

Pak Qatar General Takaful Limited plans to raise Rs420 million through a public offering. As a result, the company will enter the stock market next week. This move highlights growing confidence in Shariah compliant finance.
The Pak Qatar Takaful IPO will open investor registration on January 16. Meanwhile, book building will take place on January 21 and 22. Therefore, market interest is already gaining momentum.

IPO Structure and Share Allocation

The company will issue 30 million shares in total.
Prices will range between Rs10 and Rs14 per share. This range offers flexibility for different investor groups. Institutional investors will receive 75 percent of the shares. In addition, the public will get the remaining 25 percent. Public subscriptions will open on January 28 and 29.

A Historic Listing on PSX

After the offering, the firm will achieve a major milestone. It will become Pakistan’s first listed non life takaful operator.
This development comes as the KSE-100 Index hits record highs. Arif Habib Limited will manage the transaction. For example, it will act as both consultant and book runner. This partnership adds credibility to the offering process.

Strong Sector Momentum and Growth Plans

The IPO follows a successful family takaful listing last month. That earlier offering raised Rs901 million and drew strong demand. As a result, investor confidence in Islamic finance remains high. The company plans to use funds for long term growth.
These include technology upgrades, new branches, and staff development. In addition, branding and customer experience will see improvements. Pak Qatar General Takaful operates under the Pak Qatar Group.
The group has strong backing from Qatar based financial institutions. Therefore, the company enters the market with solid foundations.