Fijian Holdings Limited (FHL) commemorated its 40th anniversary with a special event at the RB Convention Centre in Lami on Thursday. The milestone marks four decades of the company’s history, recognizing its shareholders and the pioneers who established FHL to enhance the involvement of iTaukei in the business landscape.
The celebration followed the Group’s Annual General Meeting for 2024. Group CEO Jaoji Koroi used this occasion to reflect on the past 40 years and to pay tribute to the foundational contributions from figures like the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former Managing Director the late Laisenia Qarase.
Mr. Koroi shared some of the Group’s significant financial accomplishments for the 2024 fiscal year. FHL’s total assets have now surpassed $700 million, with net assets valued at $323 million and a record profit of $70 million. To date, the company has distributed over $130 million in dividends to its shareholders.
Koroi expressed that early shareholders are reaping significant rewards from their investments, while also pointing out the company’s responsibility to extend its outreach beyond current shareholders. He emphasized the importance of empowering iTaukei resource owners through various announced strategies.
This anniversary not only marks a significant milestone for FHL but also highlights the potential for growth and empowerment within the community. As FHL continues to reinforce its commitment to inclusion and investment in local resources, a brighter future for iTaukei participation in the corporate sector seems promising.
In essence, FHL’s journey over the past four decades is not just about financial success but also about fostering greater involvement and empowerment of marginalized communities, showcasing a hopeful vision for the future.
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