Pak-Qatar Family Takaful (PQFTL) made its debut on the Pakistan Stock Exchange (PSX) on 31 December 2025. It is the only dedicated family takaful operator to be listed on the bourse.
The company’s initial offering of 50m shares with a nominal value of PKR10 each raised PKR901m ($3.2m) at a 29% premium, according to a corporate statement. The IPO price was PKR18.02 per share, determined through the book building process.
The book building and public subscription segments of the IPO were oversubscribed 3.2x and 3.8x respectively, with the IPO attracting participation from over 8,200 investors.
"The offering attracted a diverse mix of institutional investors, insurance companies, family offices, corporate investors, and a significant number of individual investors,” PQFTL said.
The company also said that the listing would strengthen the ecosystem for Islamic financial products and services in the stock market.
PQFTL is the country’s first and largest dedicated Shariah-compliant family risk-protection provider, commanding 44% of the total family takaful market with a nationwide presence of 73 branches and 1,971 field representatives.