ISLAMABAD: Pak-Qatar General Takaful Limited, Pakistan’s first non-life Shariah-compliant insurance company, has reported strong investor interest after its initial public offering (IPO) was heavily oversubscribed at the Pakistan Stock Exchange.
The company offered 30 million ordinary shares through a book-building process, with a price range set between Rs10 and Rs14 per share. According to the company, institutional investors were allocated 75 percent of the shares, while the remaining 25 percent were reserved for retail investors.
Pak-Qatar General Takaful said demand for the offering exceeded expectations, with bids reaching multiple times the number of shares available. The final strike price was determined at the upper end of the band.
Company officials said the funds raised through the IPO would be used to strengthen operational capacity, including investments in technology systems, infrastructure development and the expansion of branch networks across the country.
Industry analysts say the response reflects growing confidence in Pakistan’s Islamic finance and takaful sector, which has expanded steadily in recent years amid increasing demand for Shariah-compliant financial products.
Pak-Qatar General Takaful is part of a broader Islamic financial services group backed by regional investors and operates under Pakistan’s regulated insurance framework.
