Engro Holdings Limited executed a share buyback worth about Rs. 3.03 billion on the Pakistan Stock Exchange as part of a buyback programme approved earlier this year.
In a stock filing on Friday, the company said it purchased 10,551,653 shares on June 18, 2026, at an average price of Rs. 287.09 per share, translating into a transaction value of about Rs. 3.03 billion.
The purchase forms part of Engro Holdings’ plan to buy back up to 45 million shares, representing about 3.73 percent of its outstanding shares. The buyback program was approved by shareholders in April and is scheduled to run from May 7 to October 25, 2026, or until the target is achieved.
The company intends to cancel the repurchased shares, a move expected to improve earnings and cash flow per share while providing an exit opportunity to shareholders.
Engro Holdings, formerly known as Dawood Hercules Corporation, was renamed in late 2024 and completed a major restructuring in January 2025, under which Engro Corporation became its wholly owned subsidiary.
The group traces its origins to 1968 and today serves as one of Pakistan’s largest conglomerates with investments spanning fertilizers, petrochemicals, dairy, energy, telecom infrastructure, LNG, and port terminals.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.