Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary with a significant event at the RB Convention Centre in Lami. The gathering honored the company’s rich history, its esteemed shareholders, and the founding figures who played pivotal roles in establishing FHL as a leader in promoting increased participation of iTaukei individuals in the corporate realm.
The celebration followed the Group’s Annual General Meeting for 2024. During the event, Group CEO Jaoji Koroi encouraged attendees to reflect on the past four decades and recognize the contributions made by key figures, such as the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director Laisenia Qarase.
Mr. Koroi also highlighted some impressive achievements from the 2024 financial year. FHL’s total assets now exceed $700 million, while net assets stand at $323 million and profits have reached an all-time high of $70 million. In addition, the company has distributed over $130 million in dividends to its shareholders. He noted that early investors are now witnessing significant returns from their initial investments.
Looking ahead, Mr. Koroi acknowledged the responsibility FHL has in expanding its outreach beyond existing shareholders, particularly to empower iTaukei resource owners through new strategies that have been proposed.
This milestone celebration not only reflects FHL’s successful past but also sets a hopeful tone for its future, emphasizing the commitment to community empowerment and sustainable growth. With strong financial results and a clear vision ahead, FHL is well-positioned to make a meaningful impact in the corporate sector while continuing to honor its foundational values.
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