A prominent investment firm in Fiji, Fijian Holdings Limited (FHL), celebrated its 40th anniversary with a special event at the RB Convention Centre in Lami on Thursday. This significant milestone honored the company’s rich history, its invaluable shareholders, and the visionaries who established FHL, reflecting its mission to enhance the involvement of iTaukei in the corporate world.
The celebration was held following the Group’s Annual General Meeting for 2024. Jaoji Koroi, the Group’s chief executive officer, seized the moment to encourage shareholders to “reflect” on the company’s achievements over the past four decades and to recognize the contributions of foundational figures such as the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director the late Laisenia Qarase.
During the event, Mr. Koroi shared some key accomplishments of the Group for the financial year 2024. He noted that FHL’s total assets have surpassed $700 million, with net assets valued at $323 million. The company’s profit has reached an impressive $70 million, and to date, over $130 million has been distributed to shareholders in dividends.
Mr. Koroi emphasized that shareholders who have remained with the company since its inception are now reaping substantial rewards from their investments. However, he also acknowledged the need to extend their focus beyond just their shareholders. He expressed a commitment to empowering iTaukei resource owners through innovative strategies that have been announced.
This celebration marks not just an anniversary, but a testament to the enduring spirit of collaboration and growth within the Fijian economy. As FHL looks to the future, there is a hopeful outlook for broader community involvement and economic empowerment, ensuring that the next 40 years can build on these successes.
Overall, this milestone serves as both a commemoration of the past and a stepping stone toward a brighter, more inclusive future for Fijian Holdings and the communities it serves.
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