PAKISTAN – ECONOMY
Hussain Dawood and Abdul Samad Dawood have been appointed Chairman and Vice Chairman of the Board of Directors of DH Partners Limited, according to information shared with the Pakistan Stock Exchange.
Hussain Dawood is the Chairman of Dawood Hercules Corporation Ltd, which holds a stake in DH Partners Limited. He also serves as the Chairman of Engro Holdings and Engro Corporation.
As an entrepreneur, businessman, and philanthropist, he has led the Group and its investments since 2002, expanding into new fields of business and achieving significant growth in revenues.
Abdul Samad Dawood is the Vice Chairman of the Board of Dawood Hercules Corporation. He has over 20 years of experience in management and governance. He has also served as the Vice Chair of Engro Corporation.
DH Partners Limited is a public investment company formed after the demerger of Dawood Hercules Corporation into Engro Holdings and DH Partners. The company manages the capital of its shareholders by investing in public equities and money market instruments. According to the company’s LinkedIn page, “Our team of investors diligently executes an investment approach developed by our Board of Directors, based on the fundamental principles of long-term investing and value creation.” DH Partners is an investment vehicle of the Dawood Group, which has been operating in Pakistan since 1948.
What are the Companies of Dawood?
Over the decades, the Dawood Group has expanded into several industries, establishing prominent businesses such as Dawood Jute Mills, Dawood Shipping Company, Dawood Petroleum, Burewala Textile Mills, Central Insurance Company, and Dawood Hercules Chemicals, among others. — ERMD
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