PAKISTAN: Pak-Qatar Family Takaful is planning to launch its IPO next month, seeking to raise approximately US$3.9 million, Bloomberg reported, citing Shahid Ali Habib, the CEO of Arif Habib, which is the lead manager and bookrunner for the deal.
The insurer will offer 50 million shares at up to PKR21 (US$0.07) per share through book-building. The funds from the upcoming IPO, which is backed by Qatari investors, will be used to meet the minimum capital requirement, expand digital channels and support the development of customer-centric products, Shahid added.
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