The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance, circulation, and publication of the prospectus for the Initial Public Offering (IPO) of 30 million ordinary shares of Pak-Qatar General Takaful Limited (PQGTL), representing 29.67% of the company’s post-IPO paid-up capital.
The IPO will be conducted through the book-building method, with 75% of shares allocated to the book-building portion and the remaining 25% offered to retail investors.
PQGTL is a Shariah-compliant insurer offering a range of general (non-life) Takaful products. It will be the first dedicated General Takaful company to be listed on the Pakistan Stock Exchange (PSX).
The IPO market has seen strong activity in FY 2025–26, and this offering marks the sixth IPO on the PSX Main Board so far this fiscal year. The approval of PQGTL’s prospectus is also the second prospectus cleared by the SECP in the first week of 2026.
New IPOs are seen as a boost for market development, promoting transparency, corporate governance, and investment opportunities. They provide companies with access to long-term capital and value creation, while giving investors enhanced disclosures for informed decision-making.
The SECP reiterated its commitment to a facilitative regulatory environment, aimed at encouraging new listings as a sustainable source of financing and investment growth.
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