Engro Holdings Limited, formerly known as Dawood Hercules Corporation Limited is a Pakistani holding company headquartered in Karachi.
History
Engro Holdings 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.[2][3] The planning of the project began in 1966 when both the parties requested the World Bank to finance the project.[2] In August 1967, the National Economic Council of Pakistan gave its approval to the project.[2]