Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary at a distinguished event held at the RB Convention Centre in Lami. The occasion not only marked four decades of the company’s impactful history but also celebrated the commitment of its shareholders and the visionary leaders who helped shape FHL into an institution that encourages greater involvement of iTaukei people in the corporate arena.
Following the Group’s Annual General Meeting for 2024, the celebration provided an opportunity for attendees to reflect on the company’s journey and recognize key figures in its establishment, such as the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director Laisenia Qarase.
During the event, Group CEO Jaoji Koroi emphasized some of the Group’s significant achievements in the financial year 2024. He shared that FHL’s total assets now exceed $700 million, with net assets valued at $323 million and a record profit of $70 million. Furthermore, FHL has distributed over $130 million in dividends to its shareholders since its inception.
Koroi expressed gratitude to the shareholders who have been with the company since the beginning, highlighting the substantial benefits they continue to experience from their investments. He also pointed out the importance of expanding their outreach beyond just shareholders. He called for strategies that would empower iTaukei resource owners to ensure they also benefit from the company’s growth and success.
This significant milestone reflects not only the growth of FHL but also the evolving landscape of corporate participation for the iTaukei community. As FHL aims to empower more resource owners, there is an optimistic outlook for the inclusive economic growth of Fiji.
Overall, FHL’s anniversary serves as a reminder of the importance of collective progress and the potential for future partnerships that can lead to even greater achievements for the iTaukei people and the nation as a whole.
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