Illustration of 40 Years of FHL

Fijian Holdings Celebrates 40 Years of Empowering iTaukei Entrepreneurs

Spread the love

Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary during a special event at the RB Convention Centre in Lami. The milestone event followed the Group’s Annual General Meeting for 2024 and served as an occasion to reflect on the company’s four decades of progress and to honor its key stakeholders, including founders and historical figures pivotal to its establishment.

Jaoji Koroi, the Group’s chief executive officer, emphasized the importance of acknowledging the contributions of the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and the former managing director Laisenia Qarase. He showcased some of the Group’s significant accomplishments during the 2024 financial year, noting that total assets have surpassed $700 million, with net assets valued at $323 million. The company has also achieved a record profit of $70 million, resulting in over $130 million paid out in dividends to shareholders.

Koroi remarked on the benefits that long-time shareholders have enjoyed from their investments, and expressed a commitment to extending the company’s inclusivity beyond current shareholders to empower iTaukei resource owners through strategic initiatives aimed at fostering greater participation in the corporate sector.

This celebration illustrates the company’s journey of growth and its focus on bridging opportunities for broader community involvement, offering a hopeful outlook for continued success and engagement in the future.

In summary, FHL’s 40th anniversary reflects not only its financial achievements but also its dedication to empowering local communities, indicating a promising path forward in fostering inclusivity and growth.


Comments

Leave a comment

Latest News

Search the website