Fiji’s prominent investment firm, Fijian Holdings Limited (FHL), recently celebrated its 40th anniversary at the RB Convention Centre in Lami. The event also coincided with the Group’s Annual General Meeting for 2024, offering a reflective moment for shareholders and stakeholders on the organization’s journey.
Group CEO Jaoji Koroi emphasized the importance of recognizing the contributions of past leaders and pioneers who helped establish FHL as a vital institution aimed at increasing the involvement of iTaukei people in the corporate world. Honoring figures such as the late Ratu Sir Kamisese Mara and former managing director Laisenia Qarase, Mr. Koroi acknowledged the sacrifices and efforts of those who laid the groundwork for FHL’s success.
In terms of accomplishments, Mr. Koroi reported that FHL has experienced remarkable growth, with total assets surpassing $700 million, net assets valued at $323 million, and a record profit of $70 million this past financial year. Additionally, the company has returned over $130 million to shareholders in dividends since its inception. He expressed that shareholders who invested in the company from its early days are now reaping substantial benefits.
Looking forward, Mr. Koroi challenged the group to extend its outreach beyond its current shareholder base, emphasizing the need to empower iTaukei resource owners through innovative strategies designed to enhance their participation in the business landscape.
This anniversary serves as a celebration of FHL’s legacy, but also as a call to continue evolving and adapting to create opportunities for all stakeholders involved. FHL’s commitment to empowering indigenous communities underscores a hopeful path forward, with the aim to foster greater inclusivity and economic development within the region.
Overall, FHL’s 40-year milestone not only highlights its past achievements but also reflects a commitment to future growth and social responsibility.
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