Pak-Qatar General Takaful Limited (PQGTL), a leading Shariah-compliant general Takaful operator in Pakistan, has made history by listing on the Pakistan Stock Exchange (PSX) following its record-breaking IPO. As the first dedicated non-life Takaful operator in Pakistan, PQGTL’s IPO was oversubscribed 21 times during the book-building phase and 9.6 times in the public offering, garnering a total demand of PKR 4.74 billion and reaching the maximum 40% premium.

CEO Mr Saqib Zeeshan expressed gratitude for the overwhelming investor response, highlighting trust in their Shariah-compliant model and commitment to sustainable value. Arif Habib Limited managed the IPO, reinforcing strong investor confidence, while PSX Managing Director M. Farrukh H. Sabzwari emphasised the IPO’s significance in promoting Islamic financial instruments in Pakistan.

The historic Gong Ceremony marked the start of a new chapter for PQGTL, aimed at enhancing transparency and innovation within the Takaful sector, while contributing to the growth of Pakistan’s Islamic financial services industry.