Pak Qatar Family Takaful Limited

Description of Transaction:

• Arif Habib Limited (AHL) acted as the Consultant to the Issue (CTI) and Lead Manager for the IPO of Pak-Qatar Family Takaful Limited, successfully raising PKR 901 million for the company.
• The IPO had an offer size of PKR 700 million and attracted aggregate demand of PKR 2,540 million across the book-building and general public portion, resulting in an oversubscription of approximately 3.5x.
• The strike price achieved was PKR 18.02/share.

About the Issuer:

• Pak-Qatar Family Takaful Limited (PQFTL) is backed by leading Qatari financial institutions, including Qatar Islamic Insurance Company (QIIC) and Qatar International Islamic Bank (QIIB).
• The company's core operations involve providing Shariah compliant Family Takaful (Islamic insurance) solutions, including protection, savings, pension, and investment products for individuals and corporates.
• Pak-Qatar Family Takaful Limited is the first and largest dedicated Family Takaful company in Pakistan, operating in an industry that comprises four dedicated Family Takaful operators.
• The company serves Individual Family, Group Family, Group Health, and BancaTakaful segments across the country.
• PQFTL operates one of the largest Takaful distribution networks in Pakistan, with a nationwide branch presence across more than 80 cities and product availability through over 4,500 bank branches in 135 plus cities via strategic BancaTakaful alliances.
• Pak-Qatar Family Takaful is currently providing need based savings, investment, and protection solutions to more than 3,000 plus corporate clients and is protecting nearly 5 million individuals across Individual Family, BancaTakaful, Group Family, and Group Health business segments.
• The company has a panel of around 300 plus prominent hospitals across Pakistan to provide comprehensive healthcare services to Takaful (Islamic Insurance) members.