Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary during a special event held at the RB Convention Centre in Lami. The occasion served as a reflection on the company’s four-decade journey as well as an appreciation for its shareholders and pioneers, who have played a crucial role in establishing FHL as a key player advocating for increased involvement of iTaukei in the corporate world.
The anniversary celebration followed FHL’s Annual General Meeting for 2024, where group chief executive officer Jaoji Koroi emphasized the significance of the milestone. He expressed gratitude towards individuals and organizations that contributed to the formation of FHL, including the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director the late Laisenia Qarase.
Mr. Koroi shared impressive achievements from the 2024 financial year: the Group’s total assets now surpass $700 million, with net assets valued at approximately $323 million and profits reaching a remarkable $70 million. To date, FHL has distributed more than $130 million to shareholders in dividends.
Reflecting on the legacy of FHL, Mr. Koroi highlighted the long-term benefits enjoyed by early shareholders while urging the organization to extend its focus beyond just shareholders. He emphasized the importance of empowering iTaukei resource owners through new strategies, reinforcing FHL’s commitment to inclusivity and community development.
This anniversary not only marks a significant achievement for FHL but also sets a hopeful tone for the future, aiming to create additional opportunities for community members and foster further growth and success in the corporate sector.
Overall, the celebration retains a positive outlook for FHL, emphasizing the importance of collaboration, community empowerment, and ongoing commitment to shareholder value.
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