The Securities and Exchange Commission of Pakistan (SECP) has approved the prospectus for the Initial Public Offering (IPO) of Pak-Qatar General Takaful Limited (PQGTL), marking the first listing of a dedicated Shariah-compliant general Takaful company on the Pakistan Stock Exchange (PSX). The IPO will offer 30 million ordinary shares, representing 29.67% of post-IPO capital.
The IPO will follow the book building method, with 75% of shares allocated to institutional investors and 25% reserved for retail investors. PQGTL aims to provide general (non-life) Takaful products in line with Shariah principles, expanding access to ethical insurance solutions in Pakistan.
This IPO is the sixth transaction on the PSX Main Board in FY 2025–26 and the second SECP-approved prospectus in the first week of 2026. Market analysts say such listings enhance transparency, strengthen corporate governance, and provide investors with improved disclosures for informed decision-making. New IPOs also allow companies to raise long-term capital and create value for shareholders while contributing to capital market growth.
A SECP official stated,
“Our aim is to foster a facilitative regulatory environment that encourages sustainable listings and investment opportunities in Pakistan.”
