Pak-Qatar Family Takaful Limited has created history in Pakistan’s Islamic finance sector by becoming the first and only dedicated Family Takaful company to be listed on the Pakistan Stock Exchange. The company achieved this milestone after receiving an overwhelming response from investors during its Initial Public Offering.
The strong demand for the IPO highlighted Pak-Qatar Family Takaful Limited’s financial strength, long-term vision, and commitment to Shariah-compliant business practices. The development is being seen as a major step forward not only for the company but also for the broader Islamic financial services ecosystem in Pakistan.
According to details, both phases of the IPO received strong interest. The book building portion was oversubscribed by 3.2 times, while the public subscription was oversubscribed by 3.8 times. Through the IPO, the company raised Rs901 million at a premium of 29 percent, reflecting strong market confidence and positive investor sentiment.
More than 8,200 investors participated in the offering, placing the IPO among the highest in terms of investor participation within Pakistan’s insurance and Takaful sector. The offering attracted a wide range of participants, including institutional investors, insurance companies, family offices, corporate investors, and a large number of individual investors.
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Arif Habib Limited served as the lead manager to the issue and played a key role in managing and executing the IPO process.
Commenting on the achievement, Muhammad Kamran Saleem, Member of the Board of Directors at Pak-Qatar Family Takaful Limited, said the successful IPO and listing marked a historic moment for the company. He said the strong investor response reflected trust in the company’s business fundamentals, Shariah governance, and strategic direction. He added that the company remains committed to strengthening Pakistan’s Islamic financial system and creating long-term value for its stakeholders.
Shahid Ali Habib, Chief Executive Officer of Arif Habib Limited, also welcomed the successful listing. He said the IPO of Pak-Qatar Family Takaful Limited, the first and largest Takaful company to be listed in Pakistan, received an exceptional response, especially in the public tranche, which showed strong investor confidence in the company and the sector.
Farrukh H. Sabzwari, Managing Director and CEO of the Pakistan Stock Exchange, also commented on the occasion. While paying tribute to the late Dr. Shamshad Akhtar for her contributions to Pakistan’s financial markets, he highlighted the strong performance of the stock market over the past year. He noted that the KSE-100 Index rose by more than 51 percent in the last 12 months and that PSX witnessed seven IPOs, along with the launch of Green Sukuk, cash-settled futures, and key regulatory reforms. He congratulated Pak-Qatar Family Takaful Limited on its successful listing and expressed hope for further milestones ahead.
The company stated that the funds raised through the IPO will be used to meet regulatory capital requirements, expand digital distribution channels, enhance product innovation, and support customer-focused growth initiatives.
The successful listing of Pak-Qatar Family Takaful Limited is expected to broaden investment options for investors and further strengthen the presence of Islamic financial products on the Pakistan Stock Exchange. It also marks an important step in the continued growth and diversification of Pakistan’s capital markets.
