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Hussain Dawood

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Hussain Dawood
حسین داؤد
Hussain Dawood
Born (1943-09-20) 20 September 1943 (age 80)
Bombay, Bombay Presidency, British India
CitizenshipPakistani
Maltese
Alma mater
Occupation(s)Chairman
Dawood Hercules Corporation Limited
Engro Corporation
Karachi School for Business & Leadership
The Dawood Foundation
Years active1968–present
Known forThe Dawood Foundation
Karachi School of Business & Leadership (2010)
Hussain Dawood Pledge (2020)
Spouse
Kulsum Dawood
​
(m. 1968)​
Children4, including Shahzada, Sabrina, and Samad
Parents
Awards Hilal-e-Imtiaz (2024)
Officer of the Order of Merit of the Italian Republic (2008)

Hussain Dawood (born 20 September 1943) is a Pakistani businessman.[1] He is the chairman of two publicly listed companies in Pakistan: the Dawood Hercules Corporation and Engro Corporation.

Dawood is the chairman of The Dawood Foundation (TDF) which focuses on creating collective change by building interactive spaces for formal and informal learning through projects such as the Dawood Public School in Karachi. He is also the chairman of the Karachi School of Business & Leadership (KSBL), and a director of the Islamabad Policy Research Institute.

Early life

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Dawood was born in Bombay, British India (now Mumbai) into a Memon family. His father Seth Ahmed Dawood, a businessman, moved to Karachi with family during partition of India in 1947.[2]

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.[1]

Career

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After his studies Dawood joined the family business in Pakistan as Group Finance Director. He became in 1973 Managing Director of Dawood Lawrencepur, a public limited company specialising in textiles. In 1974, he joined the board of the family-run business, conducted significant merger and acquisition activities. In 1981, Dawood became Chief Executive Officer (CEO) of Dawood Hercules Chemicals Limited (the predecessor of Dawood Hercules Corporation).

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 the Board of Dawood Hercules Corporation. In 2006, Dawood became Chairman of the Board of Engro Corporation, which specialises in a variety of industries, including fertilisers, polymers, food and energy. Other notable positions Hussain Dawood has held:

Dawood has expanded the business interests of his companies and is considered a business pioneer.[5][6] 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,[7] such as:

Philanthropy

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Dawood is a philanthropist and has significantly donated to formal education, healthcare, and disaster relief in Pakistan. The Dawood Foundation is a private charitable trust formed in 1960. Hussain Dawood assumed the chairmanship of it in 2000. It operates various schools, other informal education project, and supports the Engro Foundation.[citation needed]

Dawood served as the Chairman of the Pakistan Poverty Alleviation Fund.[13] He is the founding donor of the Mariam Dawood School of Visual Arts & Design at the Beaconhouse National University Tarogil Campus, in Lahore.[14] The Dawood Foundation has assisted those affected by the tsunami of 2004, the 2005 earthquake, and the 2010 floods.[15]

Dawood is the Founder and Chairman of the Karachi School of Business & Leadership (KSBL),[16] 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.[17]

Personal life

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

Dawood holds Maltese citizenship since 2016, reportedly through an individual investor programme,[18] and is based in Dubai.[19]

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.[20][21]

Awards and recognition

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References

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  1. ^ a b "Hussain Dawood". World Economic Forum. Retrieved 10 July 2023.
  2. ^ "Seth Ahmad Dawood passes away". Dawn. 3 January 2002. Retrieved 12 July 2023.
  3. ^ "DHC, Cyan sell Hubco shares at Rs105.12". Dawn Newspaper. 17 March 2018. Retrieved 19 May 2021.
  4. ^ "Mr. Hussain Dawood resigns as Board Chairman HUBCO". MG Link News. 28 March 2018. Retrieved 19 May 2021.
  5. ^ Hasan, Saad (28 September 2015). "The Dawoods' growing bet on Pakistan". The Express Tribune. Retrieved 19 May 2021.
  6. ^ "Hubco generation capacity doubles in six years: Chairman". Business Recorder. 17 March 2018. Retrieved 19 May 2021.
  7. ^ Nizami, Babar (26 December 2016). "Executive Decisions: Hussain Dawood comes clean on his investment strategy". Profit at Pakistan Today. Retrieved 19 May 2021.
  8. ^ "Engro closes deal giving Dutch giant Royal Vopak 29pc share in Elengy Terminal". Dawn News. 14 December 2018. Retrieved 19 May 2021.
  9. ^ Shephard, John (7 February 2017). "FrieslandCampina CEO Roelof Joosten in dairy development talks with Pakistan's PM". Just Food. Archived from the original on 12 May 2021. Retrieved 19 May 2021.
  10. ^ Yamada, Go (16 February 2017). "Snapshots of Pakistan's big shots". Nikkei Asia. Retrieved 19 May 2021.
  11. ^ "Engro Polymer and Chemicals Limited". Business Recorder. 8 April 2020. Retrieved 19 May 2020.
  12. ^ Hussain, Dilawar (30 April 2017). "Thar — giving back to the community". Dawn News. Retrieved 19 May 2021.
  13. ^ Alam, Kazim (4 February 2012). "Stress laid on social entrepreneurship to help poor". The Express Tribune. Retrieved 20 July 2023.
  14. ^ "Mrs Mariam Ahmed Dawood Honored at BNU". bnu.edu.pk. Beaconhouse National University. Retrieved 5 April 2024.
  15. ^ Alam, Kazim (4 February 2012). "Stress laid on social entrepreneurship to help poor". The Express Tribune. Retrieved 19 May 2021.
  16. ^ Saadat, Suleman (28 September 2011). "Karachi business school launches MBA with Cambridge's help". The Express Tribune. Retrieved 19 May 2021.
  17. ^ Shaikh, Najib (2 April 2020). "Karachi business school launches MBA with Cambridge's help". Business Recorder. Retrieved 19 May 2021.
  18. ^ Borg, Bertrand (21 June 2023). "Billionaire aboard missing Titanic sub is a Maltese citizen". Times of Malta. Archived from the original on 21 June 2023. Retrieved 22 June 2023.
  19. ^ Ahmed, Ashfaq (8 April 2020). "COVID-19: Dubai-based Pakistani business tycoon Hussain Dawood pledges Dh22 million to combat coronavirus". gulfnews.com. Retrieved 1 March 2024.
  20. ^ "Hamish Harding, Shahzada Dawood and son Suleman: Who is on board Titanic sub?". BBC News. 19 June 2023. Archived from the original on 20 June 2023. Retrieved 21 June 2023.
  21. ^ "Christine Dawood's BBC interview in full". BBC News. 26 June 2023. Archived from the original on 26 June 2023. Retrieved 26 June 2023.
  22. ^ "President Zardari announces national awards for 104 Pakistanis, foreigners on Independence Day". Dawn. 14 August 2024. Retrieved 15 August 2024.
  23. ^ "Italian award for Hussain Dawood". The News International. 5 December 2008. Retrieved 19 May 2021.
  24. ^ "Ministero Degli Affari Esteri" (PDF). Governo Italiano. Presidenza del Consiglio dei Ministri. Retrieved 30 July 2021.
  25. ^ "Hussain Dawood Receives Lifetime Achievement Award by MAP". The News International. 29 April 2016. Retrieved 19 May 2021.
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