Fijian Holdings Limited (FHL) celebrated its 40th Anniversary with a grand event held at the RB Convention Centre in Lami on Thursday. This significant milestone honored the company’s four decades of history while recognizing its valued shareholders and the pioneers who shaped FHL into a key institution aimed at enhancing the participation of iTaukei people in the corporate landscape.
The festivities followed the Group’s Annual General Meeting for the year 2024. During the celebration, Group Chief Executive Officer Jaoji Koroi reflected on the company’s history and acknowledged the crucial contributions of individuals such as the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director Laisenia Qarase, all of whom were instrumental in establishing FHL.
Mr. Koroi also highlighted some impressive achievements of the Group in the 2024 financial year. FHL’s total assets have surpassed $700 million, with net assets valued at $323 million and record profits of $70 million. To date, the company has distributed over $130 million to shareholders in dividends, demonstrating a strong return on investment for those who have supported FHL since its inception.
While celebrating their successes, Mr. Koroi stated the importance of reaching out beyond the current shareholder base. He emphasized the need to empower iTaukei resource owners through various strategies that have been announced, showing FHL’s commitment to community development and inclusion.
This anniversary not only marks a successful past but also presents an optimistic vision for the future, promising to further engage with local resource owners and foster economic empowerment within the community.
The celebration is a reminder of the importance of sustainability and community involvement in corporate success, suggesting a hopeful path forward for both FHL and the individuals it aims to support.
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