Pak-Qatar Family Takaful Limited, a Shariah-compliant insurance company, plans to raise Rs1.1 billion ($3.9 million) through an initial public offering (IPO) next month, taking advantage of the Pakistan Stock Exchange’s (PSX) record-breaking rally, Bloomberg reported.
Arif Habib Limited (AHL) is serving as the lead manager and book runner for the transaction. According to AHL CEO Shahid Ali Habib, Pak-Qatar Family Takaful will offer 50 million shares at a price of up to Rs21 per share through a book-building process.
Habib said the proceeds will be used to meet the company’s minimum capital requirement, expand its digital services, and develop new customer-oriented insurance products.Â
The company is backed by major Qatari institutional investors, including Qatar Islamic Insurance Company and Qatar International Islamic Bank.
The offering follows a strong year for the PSX, which has seen multiple listings in 2025. Last month, Sinolink REIT Management Company raised Rs921.07 million through the sale of 92.02 million units of Image REIT during a two-day book-building process, with a strike price of Rs10.01 per unit.
Earlier in the year, Barkat Frisian Agro and Zarea Limited also conducted IPOs, reflecting renewed investor confidence in Pakistan’s capital markets.
