Nabalarua Appointed FHL Board Chair

Rokoseru Nabalarua has been announced as the new chairman of Fijian Holdings Limited (FHL), effective from April 1, 2024.

Mr Nabalarua replaces Colonel (Ret’d) Sakiusa Raivoce, who will remain on the board as an independent director and deputy chairman.

Colonel (Ret’d) Raivoce assumes the chairmanship of FHL Properties Limited and will be involved in the completion of the FHL Tower project.

Port Denarau Marina. Inset photo: Incoming Fijian Holdings Limited chairman Rokoseru Nabalarua

FHL acquires shares in Port Denarau 

FHL announced it acquired 27.5 per cent equity stake in Port Denarau Marina Limited (PDML).

FHL acquired the shares from PDML founder and major shareholder, Skeggs Group Limited.

Skeggs Group Limited sold 11,000,000 ordinary shares in PDML at a price of $1.77 per ordinary share.

Skeggs Group Limited still remains the majority shareholder, with 43.02 per cent of PDML’s equity.

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