Pak Qatar General Takaful Limited

Description of Transaction:

• Arif Habib Limited (AHL) acted as Consultant to the Issue (CTI) and Lead Manager for the IPO of Pak-Qatar General Takaful Limited, successfully raising PKR 420 million.
• The IPO had a floor offer size of PKR 300 million and received aggregate demand of PKR 5,743 million across book-building and general public portions, resulting in approximately 19x oversubscription.
• The strike price was determined at PKR 14.00 per share.
• This marked the first IPO in the history of Pakistan Stock Exchange where, due to 9.6x oversubscription in the General Public Portion, 5% allocation was reallocated from Book Building, revising the final split to 70% Book Building and 30% General Public.

About the Issuer:

• Pak-Qatar General Takaful Limited is supported by leading Qatari institutions, including Qatar Islamic Insurance Group and Qatar International Islamic Bank.
• The Company provides Shariah-compliant General Takaful solutions to individuals and corporates, including Motor, Health, Fire, Marine, Engineering, and Miscellaneous coverage.
• It is the first dedicated General Takaful company in Pakistan to be listed on the Pakistan Stock Exchange.
• PQGTL maintains a strong nationwide footprint, operating branches in 8 cities, serving over 27,000 individual customers and more than 4,000 corporate clients.