The Securities and Exchange Commission of Pakistan (SECP) has accorded approval for issuance, circulation and publication of the Prospectus for the Initial Public Offering (IPO) of 30,000,000 Ordinary Shares of Pak-Qatar General Takaful Limited (PQGTL), representing 29.67% of the total post-IPO paid up capital of PQGTL.
The IPO is being made through the book building method, with seventy-five percent of the IPO shares being allocated to the book building portion and the remaining twenty-five percent offered to retail investors.
PQGTL is a Shariah-compliant insurer, dedicated to providing various general (non-life) Takaful products. PQGTL will be the first dedicated General Takaful company to be listed on the Pakistan Stock Exchange (PSX).
The IPO segment is exhibiting phenomenal activity during FY 2025–26, with this offering representing the sixth IPO transaction on the PSX Main Board to date. Approval of the PQGTL prospectus also marks the second prospectus to be approved by the SECP within the first week of calendar year 2026.
New IPOs promote market development by enhancing transparency, corporate governance, and investment avenues. Listings provide issuers access to long-term capital and opportunities for value creation, while giving investors access to enhanced disclosures for better informed investment decisions.
The SECP remains committed to fostering a facilitative regulatory environment that encourages new listings as a sustainable source of financing and investment activities.
