Hussain Dawood Explained

Hussain Dawood
Caption:Hussain Dawood in 2013
Birth Date:20 September 1943
Birth Place:Bombay, Bombay Presidency, British India
Citizenship:Pakistani
Maltese
Occupation:Chairman
Dawood Hercules Corporation Limited
Engro Corporation
Karachi School for Business & Leadership
The Dawood Foundation
Years Active:1968–present
Awards:Hilal-e-Imtiaz
Officer of the Order of Merit of the Italian Republic
Known For:The Dawood Foundation
Karachi School of Business & Leadership (2010)
Hussain Dawood Pledge (2020)
Children:4, including Shahzada and Sabrina
Father:Ahmed Dawood

Hussain Dawood (ur|حسین داؤد; born 20 September 1943) is a Pakistani businessman and philanthropist who is the chairman of Engro Corporation, Dawood Hercules, and The Dawood Foundation. He is also the chairman of the Karachi School of Business & Leadership (KSBL), and a director of the Islamabad Policy Research Institute.

Early life and education

Dawood was born on 20 September 1943 in Bombay, British India (now Mumbai) into a Memon family. His father, Ahmed Dawood, a trader, moved to Karachi with family during partition of India in 1947.[1]

Dawood studied metallurgy at Sheffield University from where he graduated in 1966. He went on to study at the Kellogg School of Management, Northwestern University, and received in 1968 an MBA.[2]

Career

After completion of his studies, Dawood joined the family business in Pakistan as a finance director. He became the managing director of Dawood Lawrencepur, a public limited company specialising in textiles, in 1973. In 1981, Dawood became the chief executive officer (CEO) of Dawood Hercules.

In the late 1990s, he spearheaded the expansion of the company, including the acquisition of Engro Corporation. Following the death of his father he took over as chairman of Dawood Hercules Corporation. In 2006, Dawood became chairman of Engro Corporation.

Dawood has expanded the business interests of his companies.[3] [4] His experience consists of managing, supervising and controlling family businesses and chairing listed companies. This has involved a number of joint ventures over the years with European, US, Japanese and Chinese parties,[5] such as Royal Vopak,[6] FrieslandCampina,[7] and China Machinery Engineering Corporation.[8]

Philanthropy

Dawood was chairman of the Pakistan Poverty Alleviation Fund.[9] He is the founding donor of the Mariam Dawood School of Visual Arts & Design at the Beaconhouse National University Tarogil Campus, in Lahore.[10] The Dawood Foundation has assisted those affected by the tsunami of 2004, the 2005 earthquake, and the 2010 floods.[11]

Dawood is the founder and chairman of the Karachi School of Business & Leadership (KSBL),[12] a graduate management school, focusing on development of effective leaders.

During the COVID-19 pandemic in Pakistan, Dawood pledged Rs 1bn on behalf of Engro Corporation and Dawood Hercules Group.[13]

Personal life

Hussain Dawood is married to Kulsum. The couple had four children; Azmeh, Shahzada, Sabrina and Samad.

Dawood holds Maltese citizenship since 2016, reportedly through an individual investor programme,[14] and is based in Dubai.[15]

In June 2023, Dawood lost his son Shahzada and his 19-year-old grandson, Suleman. Both died alongside three others inside the submersible Titan when it imploded on a tourist expedition to view the wreck of the Titanic.[16] [17]

Awards and recognition

Notes and References

  1. News: Seth Ahmad Dawood passes away . 12 July 2023 . . 3 January 2002.
  2. Web site: Hussain Dawood . World Economic Forum . 10 July 2023 . en.
  3. News: The Dawoods' growing bet on Pakistan . Hasan . Saad . 28 September 2015 . The Express Tribune. 19 May 2021.
  4. News: Hubco generation capacity doubles in six years: Chairman . 17 March 2018 . . 19 May 2021.
  5. News: Executive Decisions: Hussain Dawood comes clean on his investment strategy . Nizami . Babar . 26 December 2016 . Profit at Pakistan Today. 19 May 2021.
  6. News: Engro closes deal giving Dutch giant Royal Vopak 29pc share in Elengy Terminal . 14 December 2018 . . 19 May 2021.
  7. News: Snapshots of Pakistan's big shots . Yamada . Go . 16 February 2017 . Nikkei Asia. 19 May 2021.
  8. News: Thar — giving back to the community . Hussain . Dilawar . 30 April 2017 . . 19 May 2021.
  9. News: Alam . Kazim . Stress laid on social entrepreneurship to help poor . 20 July 2023 . The Express Tribune . 4 February 2012 . en.
  10. Web site: Mrs Mariam Ahmed Dawood Honored at BNU . bnu.edu.pk . Beaconhouse National University . 5 April 2024 . en.
  11. News: Stress laid on social entrepreneurship to help poor . Alam . Kazim . 4 February 2012 . The Express Tribune . 19 May 2021.
  12. News: Karachi business school launches MBA with Cambridge's help . Saadat . Suleman . 28 September 2011 . The Express Tribune . 19 May 2021.
  13. News: Karachi business school launches MBA with Cambridge's help . Shaikh . Najib . 2 April 2020 . Business Recorder . 19 May 2021.
  14. News: Borg . Bertrand . 21 June 2023 . Billionaire aboard missing Titanic sub is a Maltese citizen . Times of Malta . 22 June 2023 . 21 June 2023 . https://web.archive.org/web/20230621100450/https://timesofmalta.com/articles/view/billionaire-aboard-missing-titanic-sub-maltese-citizen.1039026 . live .
  15. News: Ahmed . Ashfaq . COVID-19: Dubai-based Pakistani business tycoon Hussain Dawood pledges Dh22 million to combat coronavirus . 1 March 2024 . gulfnews.com . 8 April 2020 . en.
  16. News: 19 June 2023 . Hamish Harding, Shahzada Dawood and son Suleman: Who is on board Titanic sub? . BBC News . 21 June 2023 . 20 June 2023 . https://web.archive.org/web/20230620225347/https://www.bbc.com/news/uk-65955554 . live .
  17. News: Christine Dawood's BBC interview in full . 26 June 2023 . BBC News . 26 June 2023 . 26 June 2023 . https://web.archive.org/web/20230626110355/https://www.bbc.com/news/av/world-us-canada-66016162 . live .
  18. News: President Zardari announces national awards for 104 Pakistanis, foreigners on Independence Day . 15 August 2024 . . 14 August 2024 . en.
  19. News: Italian award for Hussain Dawood . 5 December 2008 . The News International . 19 May 2021.
  20. Web site: Ministero Degli Affari Esteri . Governo Italiano . Presidenza del Consiglio dei Ministri . 30 July 2021.