Fiji’s leading investment company, Fijian Holdings Limited (FHL), celebrated its 40th anniversary with a special ceremony held at the RB Convention Centre in Lami on Thursday. The event was significant for reflecting on four decades of growth and progress while honoring esteemed shareholders and the pioneers who have shaped FHL into a vital institution focused on enhancing the participation of iTaukei in the business world.
After the Group’s Annual General Meeting for 2024, Group CEO Jaoji Koroi emphasized the importance of this milestone as a chance for shareholders to consider the journey of FHL. He expressed gratitude towards key figures in its history, including the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former Managing Director, the late Laisenia Qarase.
During the celebration, Mr. Koroi shared impressive statistics about the company’s performance over the past financial year: FHL’s total assets surpassed $700 million, net assets were valued at $323 million, and the company achieved a record profit of $70 million, with more than $130 million returned to shareholders in dividends.
He noted that long-term shareholders have greatly benefited from their investments, but also stressed the need to extend support to the iTaukei resource owners, aiming to empower them through new strategies.
This anniversary not only marks a significant achievement for FHL but also highlights the ongoing commitment to inclusivity and empowerment within the community. As FHL looks to the future, there is promising potential for further development and opportunities for all, particularly among the iTaukei people.
In summary, Fijian Holdings Limited’s 40th anniversary serves as a testament to its successful journey and commitment to fostering corporate participation among indigenous communities. The positive performance and strategic directions outlined indicate a hopeful future as the company continues to grow while serving its shareholders and broader communities.
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