Hussain Dawood

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Hussain Dawood
حسین داؤد
Dawood.JPG
Hussain Dawood
Born (1943-09-20) 20 September 1943 (age 81)
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 for The Dawood Foundation
Karachi School of Business & Leadership (2010)
Hussain Dawood Pledge (2020)
Spouse
Kulsum Dawood
​
(m. 1968)​
Children4, including Shahzada and Sabrina
Father Ahmed Dawood
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 and philanthropist who serves as the chairman of Engro Corporation, Dawood Hercules, and The Dawood Foundation. [1] He is also the chairman of the Karachi School of Business & Leadership (KSBL), and a director of the Islamabad Policy Research Institute.

Contents

Early life and education

Dawood was born 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. [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

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 the Board of Dawood Hercules Corporation. In 2006, Dawood became chairman of the Board 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 served as the 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.[ citation needed ]

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

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References

  1. 1 2 "Hussain Dawood". World Economic Forum. Retrieved 10 July 2023.
  2. ↑ "Seth Ahmad Dawood passes away". Dawn . 3 January 2002. Retrieved 12 July 2023.
  3. ↑ Hasan, Saad (28 September 2015). "The Dawoods' growing bet on Pakistan". The Express Tribune . Retrieved 19 May 2021.
  4. ↑ "Hubco generation capacity doubles in six years: Chairman". Business Recorder . 17 March 2018. Retrieved 19 May 2021.
  5. ↑ Nizami, Babar (26 December 2016). "Executive Decisions: Hussain Dawood comes clean on his investment strategy". Profit at Pakistan Today . Retrieved 19 May 2021.
  6. ↑ "Engro closes deal giving Dutch giant Royal Vopak 29pc share in Elengy Terminal". Dawn . 14 December 2018. Retrieved 19 May 2021.
  7. ↑ Yamada, Go (16 February 2017). "Snapshots of Pakistan's big shots". Nikkei Asia. Retrieved 19 May 2021.
  8. ↑ Hussain, Dilawar (30 April 2017). "Thar — giving back to the community". Dawn . Retrieved 19 May 2021.
  9. ↑ Alam, Kazim (4 February 2012). "Stress laid on social entrepreneurship to help poor". The Express Tribune. Retrieved 20 July 2023.
  10. ↑ "Mrs Mariam Ahmed Dawood Honored at BNU". bnu.edu.pk. Beaconhouse National University. Retrieved 5 April 2024.
  11. ↑ Alam, Kazim (4 February 2012). "Stress laid on social entrepreneurship to help poor". The Express Tribune. Retrieved 19 May 2021.
  12. ↑ Saadat, Suleman (28 September 2011). "Karachi business school launches MBA with Cambridge's help". The Express Tribune. Retrieved 19 May 2021.
  13. ↑ Shaikh, Najib (2 April 2020). "Karachi business school launches MBA with Cambridge's help". Business Recorder. Retrieved 19 May 2021.
  14. ↑ 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.
  15. ↑ 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.
  16. ↑ "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.
  17. ↑ "Christine Dawood's BBC interview in full". BBC News. 26 June 2023. Archived from the original on 26 June 2023. Retrieved 26 June 2023.
  18. ↑ "President Zardari announces national awards for 104 Pakistanis, foreigners on Independence Day". Dawn . 14 August 2024. Retrieved 15 August 2024.
  19. ↑ "Italian award for Hussain Dawood". The News International. 5 December 2008. Retrieved 19 May 2021.
  20. ↑ "Ministero Degli Affari Esteri" (PDF). Governo Italiano. Presidenza del Consiglio dei Ministri. Retrieved 30 July 2021.
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