40 Years of FHL

A major investment company Fiji marked its 40th anniversary with a special event at the RB Convention Centre in Lami on Thursday.

Fijian Holdings Limited (FHL) celebrated the milestone, honouring four decades of company history, its valued shareholders, and the pioneers who built FHL into an institution designed to promote greater participation of iTaukei in the corporate sector.

The celebration took place after the Group's Annual General Meeting for 2024.

Group chief executive officer Jaoji Koroi said it was an opportunity for shareholders to "reflect" on those 40 years and "acknowledge those who contributed to the setup of Fijian Holdings", including the Great Council of Chiefs, the late Ratu Sir Kamisese Mara and former managing director the late Laisenia Qarase.

Mr Koroi highlighted some of the Group's notable achievements in the 2024 financial year.

Fijian Holdings Limited (FHL) Group chief executive officer, Jaoji Koroi. Photo: Asenaca Ratu

Total assets now exceed $700 million, net assets are valued at $323 million and profit reached a record $70 million. To date, over $130 million have been paid out to shareholders in dividends.

Mr Koroi said those shareholders who were there from the beginning would be reaping huge benefits from their investment today.

"That's good, but there is a challenge for us to look beyond our shareholder base and look to the iTaukei resource owners and empower them through some of our strategies that we have announced."

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