Fijian Holdings Ltd has confirmed the approval of a $20 million loan to the Fijian Affairs Board.

In making the announcement, FHL Managing Director Mrs Sereana Qoro said, “This loan to FAB is to assist FAB in the payment of the $20 million Government loan that was used by FAB as equity investment in Fijian Holdings Ltd in 1991. Since the acquisition of Class B shares FHL has already paid $24.75 million in the form of dividends to Fijian Affairs Board and Fijians Trust Fund."

Mrs Qoro added that, “The actual terms of the loan agreement are purely commercial in nature and are expected to be finalised with FAB next week.”


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