Fiji Times Online

Fiji Time: 10:22 AM on Wednesday 10 February

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FHL marks 25th year

Friday, October 30, 2009

Stakeholders of Fijian Holdings Limited celebrated its silver jubilee anniversary yesterday at the lower Civic Centre Auditorium.

The event marked 25 years of successful business by the Fijian Enterprise formed in 1984.

Chief guest at the celebrations Commodore Voreqe Bainimarama said the initial aim behind the formation of FHL was to encourage taukei (indigenous people) participation in the commercial sector.

He said FHL had a portfolio that included total investment of $142million, annual group revenue of $230m and group net assets of $166.8m.

"FHL is a major player in Fiji's corporate sector. The company has nine subsidiary companies and 12 associated companies," he said.

"FHL has ventured out of Fiji and currently serves customers in Vanuatu, Tonga, Samoa, Solomon Islands, Wallis and Futuna, and Kiribati.

"This initiative supports the theme of the celebrations Growing Beyond Fiji.

"The theme is appropriate at a time when my Government is focusing on the promotion of exports."

End of story

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