| Dawood Hercules | |
| Former Name: | Dawood Hercules Chemicals Limited (1968–2011) |
| Type: | Public |
| Industry: | Conglomerate |
| Traded As: | KSE 100 component |
| Founder: | Ahmed Dawood |
| Area Served: | Pakistan |
| Key People: | Hussain Dawood (Chairman) Mohammad Shamoon Chaudry (CEO) |
| Revenue Year: | 2023 |
| Income Year: | 2023 |
| Net Income Year: | 2023 |
| Assets Year: | 2023 |
| Equity Year: | 2023 |
| Num Employees: | 21 |
| Num Employees Year: | 2023 |
| Owner: | Dawood Lawrencepur (16.19%) Dawood Investments (9.85%) |
| Subsid: | Engro Corporation (40%) |
| Location: | Dawood Centre, M.T. Khan Road, Karachi |
| Footnotes: | Financials [1] |
Dawood Hercules Corporation Limited (ur|داؤد ہرکولیس کارپوریشن, DH Corp.) is a Pakistani holding company headquartered in Karachi.[2] [3]
Dawood Hercules Corporation was incorporated in 1968 as Dawood Hercules Chemicals Limited, a joint venture between Dawood Group and Hercules Inc., each contributed 40 percent of the equity while 10 percent each was subscribed by the International Finance Corporation and the general public following its initial public offering on the Karachi Stock Exchange.[4] [5] The planning of the project began in 1966 when both the parties requested the World Bank to finance the project.[4] In August 1967, the National Economic Council of Pakistan gave its approval to the project.[4] The fertilizer plant, with a capacity to manufacture 345,000 tons of urea per annum, was constructed in Chichoki Mallian, Sheikhupura, Punjab, at a total cost of $78.2 million; with a loan component of $32 million, provided by the World Bank.[4] [6]
In 1997, Dawood Hercules began equity investments in Engro Corporation, and acquired 27 percent of its shares.[7] In 2002, Dawood Hercules made further investment in the Engro Corporation and since then has increased its shareholding to 40 percent.[8]
In 2003, Dawood Hercules acquired a partial stake in the Sui Northern Gas Pipeline and owned up to 10 percent of its shares.[9]
In 2010, Dawood Hercules Chemicals was de-merged and became Dawood Hercules Corporation, a holding company which focuses on investments and Dawood Hercules Fertilizers. By 2011, Dawood Hercules' fertilizer business was facing difficulties in procuring gas.[10] It undertook a failed sale of DH Fertilizers to Pakarab Fertilizers. In 2012, Dawood Hercules acquired a minor stake in Hub Power Company.[11] [12]
In 2015, Dawood Hercules sold its fertilizer manufacturing company to the Fatima Fertilizer Company.[13] [14] The shares of Hubco were sold in 2018.[15]
In October 2022, Dawood Hercules sold its wholly-owned subsidiary Empiric AI, which solves complex industrial problems through software products like data analytics and artificial intelligence, under a share swap agreement to Avanceon.[16]
DH Corp. directly governs financially and operationally over its subsidiary, Engro Corporation, and holds, through the majority of voting rights, the decision-making power at the company's' boards of directors.[17]
Dawood Hercules' board of directors, according to Pakistan's Companies Act of 2017,[18] comprises 6 non-executive, 3 independent, and 1 executive director. Chairman of the board of directors:
Vice Chairman of the board of directors:
CEOs: