Fijian Holdings Limited (FHL) celebrated its 40th anniversary with a special gathering at the RB Convention Centre in Lami, following the Group’s Annual General Meeting for 2024. The event served as a tribute to the company’s rich history, its dedicated shareholders, and the visionaries who established FHL with the aim of increasing the involvement of iTaukei people in the corporate sector.
During the ceremony, FHL Group Chief Executive Officer Jaoji Koroi emphasized the significance of reflecting on the company’s journey over the past four decades. He paid homage to key figures such as the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director Laisenia Qarase, who played pivotal roles in FHL’s formation.
Highlighting achievements for the financial year 2024, Mr. Koroi announced that FHL’s total assets have surpassed $700 million, with net assets valued at $323 million and a remarkable profit of $70 million. In total, the company has distributed over $130 million in dividends to its shareholders.
Mr. Koroi noted that shareholders who have been with the company since its inception are now enjoying significant returns on their investments. However, he also presented a challenge to go beyond existing shareholders and to focus on empowering iTaukei resource owners through new strategies.
This milestone marks a hopeful future for Fijian Holdings Limited as it continues to strive for inclusivity and growth, ensuring that its achievements benefit a broader community while building on the foundation laid by its founders.
For increased community engagement, this celebration could inspire future initiatives aimed at fostering greater financial literacy and investment opportunities among local stakeholders, creating a more equitable advantage for all.
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