Dawood Hercules Corporation Limited

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Dawood Hercules Corporation Limited
Public
Traded as PSX: DAWH
Industry Fertilizer
Food
Power Generation
Investment Management
Founded Basic Foundation: 1948, Holding Company incorporated 2011 as Dawood Hercules Corporation Limited
Founder Ahmed Dawood
Headquarters Karachi, Pakistan.
Area served
Pakistan
Key people
Hussain Dawood
Chairman
Inam ur Rahman
CEO
Parent Dawood Group
Website http://www.dawoodhercules.com

Dawood Hercules Corporation Limited (DH Corp.) is a Pakistani investment holding company with diversified holdings in Energy and Foods.

Company investments include a 37% ownership of associated company Engro Corporation Limited and a 14% stake in The Hub Power Company Limited.

Business interests[edit]

Former Business Interests[edit]

Investments[edit]

Business timeline[edit]

1948[edit]

Ahmed Dawood starts Dawood Group, which would become the basis of many future businesses.

1952[edit]

Dawood Cotton Mills Limited set up in Karachi.

1954[edit]

Burewala Textile Mills Limited established in Punjab.

1954[edit]

Lawrencepur Woolen & Textile Mills became operational and produced yarn for hand knotted carpets, blankets for Armed Forces, tweed and worsted fabrics.

1960[edit]

The group establishes Central Insurance Company. The company operated in all major cities of Pakistan and transacted all conventional forms of insurance covers successfully.

1960[edit]

Lawrencepur Woolen & Textile Mills saw a revolutionary change as Dawood Group took over the mills. The new management took radical steps to expand and modernize the production facilities.

1961[edit]

Formed in 1961, The Dawood Foundation is today one of the largest private charitable trusts in the country. The foundation has contributed funds for establishing schools, colleges, hospitals, dispensaries and towards scholarships for students.

1967[edit]

Dilon Limited, Pakistan’s first Nylon Yarn Producer, was established in Karachi.

1968[edit]

Dawood Hercules Chemicals Limited was established as a joint venture between the Dawood Group and Hercules Chemicals Inc. of the United States. It was the first private sector venture in Pakistan to receive a loan by the World Bank.

1971[edit]

In East Pakistan Karnaphuli Paper Mills, Karnaphuli Rayon & Chemicals Limited, Dawood Jute Mills and Dawood Shipping Company were founded.

1971[edit]

Group investments in East Pakistan were lost with the creation of Bangladesh. The East Pakistan industrial undertakings constituted almost 60% of the Group’s activities.

1974[edit]

The business enterprise suffers further setbacks as the Government of Pakistan nationalizes a number of large Pakistani industrial undertakings; the Group lost its flagship company, Dawood Petroleum Ltd.

1984[edit]

New polyester plant was installed at Dilon unit with the daily capacity 4.5 ton of flat and textured filament yarn.

1996[edit]

Burewala Textile Mills became Pakistan’s first spinning and weaving mill to receive the prestigious ISO 9001 certification.

1998[edit]

Lawrencepur Woolen & Textile Mills obtained ISO 9001 certification in April, 1998.

2002[edit]

Hussain Dawood elected Chairman of Dawood Hercules Chemicals Limited.

2002[edit]

Elixir Securities, a full service brokerage firm, acquired.

2003[edit]

Dawood Hercules Chemicals Limited acquires 61 million shares (10%) in Sui Northern Gas Pipelines Limited.[2]

2004[edit]

Amalgamation of all textile companies of the Dawood Group into a single entity named Dawood Lawrencepur Limited.

2004[edit]

The Group acquires a majority stake in Inbox Business Technologies Pvt. Ltd. - Pakistan's leading computer brand.

2006[edit]

Hussain Dawood assumes Chairmanship of Engro Chemical Pakistan Ltd on 25 April 2006.

2010[edit]

In June 2010, Dawood Hercules Chemicals Limited announces the demerger of its fertilizer business.

2010[edit]

The fertilizer business is transferred to a wholly owned and newly incorporated subsidiary - DH Fertilizers Ltd.

2011[edit]

Dawood Hercules Chemicals Limited becomes Dawood Hercules Corporation Limited (DH Corp.), a holding company which focuses on exploring investment opportunities.[3]

2011[edit]

Central Insurance renamed as Cyan Limited, becomes an equity investment company.

2012[edit]

DH Corp. and its affiliates collectively acquire 16.42% stake comprising 190mn shares in Hub Power Company Limited (HUBCO).[4]

2015[edit]

DH Corp. sells 100% shares of DH Fertilizers Limited (DHFL)[5]

Board of directors[edit]

  • Hussain Dawood, Chairman
  • Inam ur Rahman, Chief Executive Officer
  • M. Abdul Aleem, Director
  • Samad Dawood, Director
  • Shahzada Dawood, Director
  • Sabrina Dawood, Director
  • Parvez Ghias, Director
  • Shabbir Hashmi, Director
  • Frank Murray Jones, Director
  • Hasan Reza Ur Rahim, Director
  • Saad Raja, Director
  • Shafiq Ahmed, CFO & Company Secretary

References[edit]

External links[edit]