Key Points
- Pak-Qatar Family Takaful plans IPO amid record PSX rally
- Offering to comprise 50 million shares at up to Rs 21 each
- Proceeds to fund capital compliance, digital expansion
- Follows three successful IPOs on PSX in 2025
ISLAMABAD: A Qatari-backed Islamic insurance firm, Pak-Qatar Family Takaful Ltd, is set to raise around Rs1.1 billion ($3.9 million) through an initial public offering (IPO) on the Pakistan Stock Exchange (PSX) next month, Bloomberg reported on Friday, citing officials involved in the transaction.
The company will offer 50 million shares at a maximum price of Rs 21 per share through a book-building process, according to Shahid Ali Habib, Chief Executive Officer of Arif Habib Ltd, which is acting as the lead manager and book-runner for the deal.
Habib told Bloomberg that the proceeds from the IPO will help the company meet minimum capital requirements, expand digital distribution channels, and develop customer-centric insurance products.
The insurer is backed by major Qatari institutional investors, including Qatar Islamic Insurance Co. and Qatar International Islamic Bank, according to details available on the company’s official website.
IPO momentum on PSX continues
The planned listing marks the fourth IPO of 2025, continuing a wave of fresh equity offerings amid record highs at the Pakistan Stock Exchange.
In September, Sinolink REIT Management Company successfully raised Rs 921.07 million through the sale of 92.02 million units of Image REIT at a strike price of Rs 10.01 per unit, slightly above the floor price of Rs 10.
Earlier this year, Barkat Frisian Agro and Zarea Limited also conducted IPOs, reflecting renewed investor confidence as the KSE-100 index continues its upward trajectory.
Analysts told Business Recorder and Bloomberg that the return of IPO activity indicates improving market liquidity, restored macroeconomic stability, and strong foreign investor interest—especially in sectors like Islamic finance, real estate, and agribusiness.
Outlook
Market observers note that the Pak-Qatar Family Takaful IPO could further diversify the PSX listings and attract Gulf-based Shariah investors, particularly as Pakistan’s insurance penetration remains among the lowest in the region.
“The timing is ideal given the market’s depth and the government’s renewed focus on capital market development,” a Karachi-based investment banker told Bloomberg.
