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 Pak-Qatar General Takaful Limited (PQGTL).
The IPO consists of 30 million ordinary shares, representing 29.67% of the company’s total post-IPO paid-up capital. The offering will be conducted through the book-building method, with 75% of the shares allocated to the book-building portion and the remaining 25% offered to retail investors.
Pak-Qatar General Takaful Limited is a Shariah-compliant insurer that provides a range of general (non-life) Takaful products. Following the listing, PQGTL will become the first dedicated General Takaful company to be listed on the Pakistan Stock Exchange (PSX).
The IPO market has shown strong momentum during FY 2025–26, with this offering marking the sixth IPO on the PSX Main Board so far. The approval of the PQGTL prospectus also represents the second prospectus approved by the SECP within the first week of calendar year 2026.
Initial public offerings play a crucial role in the development of capital markets by enhancing transparency, strengthening corporate governance, and expanding investment opportunities. Public listings provide companies with access to long-term capital and value-creation opportunities, while offering investors improved disclosures for informed investment decisions.
The SECP reaffirmed its commitment to maintaining a supportive regulatory environment that encourages new listings as a sustainable source of financing and investment activity in Pakistan’s capital market.