Engro Holdings Limited has executed a share buyback worth approximately Rs3.03 billion on the Pakistan Stock Exchange under a repurchase program approved by shareholders earlier this year.
According to a stock filing on Friday, the company purchased 10,551,653 shares on June 18, 2026, at an average price of Rs287.09 per share, resulting in a total transaction value of about Rs3.03 billion.
The acquisition is part of Engro Holdings’ plan to buy back up to 45 million shares, representing around 3.73 percent of its outstanding share capital. The buyback program was approved in April and is scheduled to continue from May 7 to October 25, 2026, or until the target number of shares is acquired.
The company plans to cancel the repurchased shares, a move expected to enhance earnings per share and cash flow per share while also offering shareholders an opportunity to exit their investment.
Engro Holdings, formerly known as Dawood Hercules Corporation, adopted its new name in late 2024 and completed a major restructuring in January 2025, making Engro Corporation its wholly owned subsidiary.
Founded in 1968, the group has evolved into one of Pakistan’s largest conglomerates, with investments across fertilizers, petrochemicals, dairy, energy, telecom infrastructure, LNG, and port terminal operations.
The latest buyback represents a significant step in the company’s capital management strategy and reflects its focus on enhancing shareholder value.
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