Pak-Qatar Family Takaful launches IPO book building to raise PKR 1.1 billion
Country’s first IPO by a dedicated family takaful firm opens Dec. 11 as institutional demand builds
Business Desk
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Pak-Qatar Family Takaful Ltd. will begin the book-building process for its initial public offering on Dec. 11, aiming to raise about PKR 1.1 billion as Pakistan prepares to list its first-ever dedicated family takaful company on the stock exchange.
The two-day book building, which runs through Dec. 12, will allow high-net-worth individuals and institutional investors to subscribe to 100% of the issue size. Successful bidders will be provisionally allotted 75% of the shares — 37.5 million — while the remaining 25%, or 12.5 million shares, will be offered to retail investors during the general public subscription phase.
The offer will open at PKR 14 per share and may rise to as high as PKR 21, the upper limit of a 50% price band.
Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager for the IPO, said the offering is drawing strong interest from institutional investors. He said proceeds will help Pak-Qatar Family Takaful meet minimum capital requirements, expand digital channels and develop more customer-focused products.
The company, backed by investors from Qatar’s financial sector, plans to broaden its operations and product lineup in Pakistan’s growing insurance market.
Pak-Qatar Family Takaful is the country’s first and largest dedicated operator in the segment and holds a 44% share of the overall family takaful market. It controls more than 90% of the dedicated family takaful segment and accounts for 6.6% of Pakistan’s total life insurance business.
The company has a nationwide sales network of 73 branches and nearly 2,000 field representatives. It also partners with 14 banks to distribute protection products through bank branches and digital platforms.
Insurance penetration in Pakistan remained low at 0.7% in 2024, though rising financial awareness and improving economic conditions point to strong future growth. Global insurance penetration exceeds 10% in advanced economies but remains uneven across emerging markets in EMEA and Asia.
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