Fiji’s leading investment company, Fijian Holdings Limited (FHL), commemorated its 40th anniversary with a grand celebration at the RB Convention Centre in Lami on Thursday, following the Group’s Annual General Meeting for 2024. This milestone event was an opportunity to honor the company’s extensive history, its dedicated shareholders, and the visionaries who helped establish the institution, particularly in promoting the involvement of iTaukei individuals in the corporate realm.
Group CEO Jaoji Koroi spoke about reflecting on four decades of progress and recognizing the contributions of notable figures, including the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director, the late Laisenia Qarase.
During his address, Mr. Koroi shared FHL’s remarkable achievements over the 2024 financial year. The company reported total assets surpassing $700 million, with net assets valued at $323 million and a record profit of $70 million. To date, FHL has paid over $130 million in dividends to its shareholders, many of whom have witnessed substantial returns from their long-term investments.
In his remarks, Mr. Koroi acknowledged the importance of looking beyond the current shareholder base, stressing the need to empower iTaukei resource owners through innovative strategies. This focus on community engagement and support promises to foster a more inclusive corporate sector.
This anniversary celebration not only marks a significant achievement for FHL but also signals a positive outlook for the future. By emphasizing empowerment and increased participation, FHL is paving the way for sustainable growth that benefits a wider community, particularly the iTaukei population.
In summary, FHL’s 40th anniversary serves as a celebration of its history and achievements while highlighting an ongoing commitment to inclusivity and community empowerment as it moves forward.
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