Samad Dawood, Vice Chairman of Dawood Hercules Corporation, gestures as he speaks with Reuters during an interview in Karachi, Pakistan May 7, 2024. REUTERS/Akhtar SoomroKARACHI : Pakistan's largest conglomerate, Engro Corp, is looking to expand into new markets, including the Middle East, Central Asia and Africa, the chemicals-to-energy company's largest investor said on Tuesday.
Engro Corp has a market capitalisation of 193 billion rupees on the Pakistan Stock Exchange and assets of 802 billion rupees , according to public data. He said the company was talking to technology providers in the hydrogen energy sector to figure out how to use ammonia as an energy transition solution.
"He was much more of a dreamer and pushing us to become more international and building that curiosity and engaging with the outside world," Dawood said. The company's plans to push ahead are taking shape, Dawood said. On Monday, the boards of Engro and Dawood Hercules approved in principle a restructuring plan to allow them more capital flexibility.
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