Pak-Qatar General Takaful lists on PSX after record-breaking IPO

KARACHI: Pak-Qatar General Takaful Limited (PQGTL), (Non-life) Takaful operator, marked a defining moment in its corporate journey by listing on the Pakistan Stock Exchange (PSX) as the Gong Ceremony held at the (PSX) Trading Hall, following its historic and record-breaking IPO on Tuesday.
Speaking on the occasion, Saqib Zeeshan, CEO PQGTL, stated: We are grateful to Almighty Allah for this historic listing of a first “Dedicated Non-life” Takaful operator and the extraordinary response from investors. This record-breaking IPO reflects the deep trust by all stake holders in our Shariah-compliant business model, governance framework, and long-term vision for the development of the Islamic financial ecosystem. We remain committed to delivering sustainable value, innovation, and ethical financial solutions for all stakeholders.”
Arif Habib Limited (AHL) was the Lead Arranger to the Issue, playing a pivotal role in managing the IPO process and ensuring its successful execution. Mr. Shahid Ali Habib, CEO, AHL, said: “We are pleased to highlight the successful IPO of Pak-Qatar General Takaful Limited (PQGTL), which was oversubscribed by an exceptional 21x during the book-building process, reflecting strong and widespread investor confidence. The IPO attracted total demand of PKR 4.74 billion and achieved the maximum 40% premium, underscoring robust market appetite and a positive assessment of the Company’s fundamentals, governance, and long-term growth prospects.”
Sharing his perspective on this historic achievement, Mr. Farrukh H. Sabzwari, MD & CEO, PSX, stated: Today marks a historic moment for Pakistan’s capital markets. The listing of Pak-Qatar General Takaful Limited (PQGTL) is the first to coincide with the launch of the T+1 settlement cycle, symbolizing progress and innovation in our market infrastructure. This IPO drew an unprecedented response which reflects the depth of investor confidence in Pakistan’s capital market.
The historical Gong Ceremony was attended by Consulate General of Qatar in Karachi , Board Members and senior management of Pak-Qatar Group, representatives of SECP, PSX, AHL, NCCPL, CDC and key market participants. The event symbolized the beginning of a new chapter for Pak-Qatar General Takaful Limited as a publicly listed entity, reinforcing its role in strengthening Pakistan’s Islamic insurance and capital market ecosystem.