Pak-Qatar General Takaful IPO receives historic response as IPO Oversubscribed [21x] Times

Karachi, January 22, 2026: Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building
has concluded with an historic oversubscription of [21x] times, marking the first-ever IPO of
a dedicated General Takaful company at PSX.
Investors responded strongly, with the strike price closing at Rs [14] per share, compared to
the floor price of Rs 10. Total demand reached Rs [4.74] billion.
Successful bidders will be provisionally allotted 22,500,000 shares. The remaining 7,500,000
shares will be offered to retail investors on 28-29 January.
Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager for the IPO said that country’s
first-ever IPO of any dedicated General Takaful Company has made a historic debut at PSX
reflects investor confidence in Pakistan’s fast-growing Takaful sector and PQGTL’s strong
market position.
The proceeds from the IPO will be utilized to fund strategic initiatives, including investments
in software and other intangible assets, hardware & infrastructure, marketing & brand
development, human resource enhancement, and the establishment of new branches, as
well as the transformation of existing branches to improve operational efficiency and
customer experience.