Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary during a special event hosted at the RB Convention Centre in Lami. This landmark celebration highlighted the company’s long-standing commitment to increasing the involvement of iTaukei individuals in the corporate landscape.
The event followed FHL’s Annual General Meeting for 2024, providing shareholders with a moment to reflect on the company’s four-decade journey. Jaoji Koroi, the Group’s CEO, emphasized the importance of recognizing those who were instrumental in forming FHL, including the Great Council of Chiefs and significant figures such as the late Ratu Sir Kamisese Mara and former director Laisenia Qarase.
Throughout the 2024 financial year, FHL marked several impressive milestones, boasting total assets surpassing $700 million, net assets valued at $323 million, and a record profit of $70 million. The company has also returned over $130 million to shareholders through dividends, showcasing the fruits of their long-term investments.
Mr. Koroi stressed the necessity for FHL to expand its focus beyond its current shareholders. He emphasized empowering iTaukei resource owners by implementing new strategies that will bolster their involvement and benefits in the corporate sector.
This celebration not only reflects FHL’s accomplishments over the years but also sets a hopeful tone for the future, with a commitment to inclusivity and empowerment for all stakeholders involved.
In summary, Fiji Holdings Limited’s milestone anniversary serves as a reminder of its significant impact on the local economy and dedication to enhancing corporate participation among underrepresented groups, promising a bright future as it seeks to include and empower more members of the community.
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