A prominent investment firm in Fiji, Fijian Holdings Limited (FHL), recently celebrated its 40th anniversary with an event at the RB Convention Centre in Lami. This momentous occasion honored the company’s rich history and acknowledged the efforts of those who played crucial roles in establishing FHL, particularly focusing on promoting the involvement of iTaukei in the business sector.
The celebration followed the Group’s Annual General Meeting for 2024, and in his remarks, Group CEO Jaoji Koroi noted that this milestone was an opportunity to “reflect” on the journey of the past four decades and to extend gratitude to figureheads such as the Great Council of Chiefs and key individuals like the late Ratu Sir Kamisese Mara and former Managing Director Laisenia Qarase.
During the event, Mr. Koroi highlighted impressive financial achievements for the 2024 fiscal year, including total assets surpassing $700 million, net assets valued at $323 million, and a record profit of $70 million. To date, FHL has distributed over $130 million to shareholders in dividends, showcasing the tangible benefits for investors—especially those who have been on board since the beginning.
Looking ahead, Mr. Koroi emphasized the importance of not only focusing on existing shareholders but also reaching out to iTaukei resource owners to empower them through various strategic initiatives.
This anniversary marks not just a celebration of the past but a hopeful step towards a more inclusive future, aiming to expand opportunities for all stakeholders in Fijian society.
Summarizing the key points, FHL’s 40th anniversary event highlighted the company’s journey, achievements, and future goals, particularly in empowering local communities. This optimism for inclusivity presents a positive outlook for Fiji’s corporate landscape.
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