Fijian Holdings Limited (FHL) celebrated its 40th anniversary with a significant event at the RB Convention Centre in Lami on Thursday. This milestone represents four decades of company history, highlighting the commitment to increasing iTaukei participation in the corporate landscape.
Following the Group’s Annual General Meeting for 2024, the gathering provided an opportunity for CEO Jaoji Koroi to encourage shareholders to reflect on their journey and recognize the contributions of visionary leaders such as the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and former managing director Laisenia Qarase.
During his address, Mr. Koroi shared impressive achievements for the 2024 financial year, with total assets surpassing $700 million, net assets valued at $323 million, and profits reaching an all-time high of $70 million. Additionally, shareholders have benefitted from over $130 million distributed in dividends.
Mr. Koroi emphasized that early shareholders enjoy significant rewards from their investments, but he also noted the importance of looking beyond this circle. He expressed a desire to empower iTaukei resource owners through strategic initiatives aimed at broader community engagement.
This anniversary not only signifies FHL’s remarkable growth and success but also highlights its ongoing commitment to inclusivity and community development. By focusing on expanding opportunities for iTaukei participation, FHL is paving the way for a sustainable and equitable future in Fiji’s corporate sector.
Overall, the event stands as a testament to FHL’s legacy and its vision for the future, promising to continue making strides that benefit both shareholders and the wider community.
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