Dawood Hercules plans Rs5.3bn investment.

KARACHI -- Dawood HerAcules Corporation Ltd is going to make long-term investments of more than Rs5.3 billion in its associated companies.

Shareholders passed a resolution in their extraordinary general meeting on Monday to allow the investments in the publicly traded shares of four companies at prices quoted on the Pakistan Stock Exchange.

The holding company chaired by prominent businessman Hussain Dawood serves as a vehicle for equity investments in a number of subsidiaries and associated companies, including Engro Corporation Ltd.

The general public, incluAding local and foreign investors, controlled more than 58 per cent shareholding in Dawood Hercules CorporaAtion at the end of 2021.

The holding company will invest Rs2 billion in Engro Fertilisers Ltd, Rs2bn in Engro Polymer and ChemiAcals Ltd...