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:: FDH Financial Holdings  
 

FDH Financial Holdings Limited was established in November 2007 as part of the group restructuring to replace First Discount House as the holding company of the group.

First Discount House was incorporated in accordance with the Companies Act on 8 March 2000. It obtained its Discount House license under the Banking Act on 20 July 2001, commencing operations on 8 April 2002. The company was established by a partnership that included Mr. Thomson Mpinganjira (24.9%), a respected local businessman and the first Managing Director of the Company, Press Corporation Limited (30%), Old Mutual (Malawi) Limited (20%) andKingdom Financial Holdings Limited of Zimbabwe (25.1%). On 4 August 2006 Press Corporation was bought out as part of the strategic repositioning that has seen the current structure and expansion of the group.

FDH Financial Holdings currently wholly owns the following subsidiaries:

  • First Discount House Limited - commenced operations April 2002
  • FDH Stockbrokers Limited - commenced operations January 2007
  • FDH Bank Limited - licensed 27 November 2007, operations commenced on 15 July 2008
  • FDH Money Bureau Limited - Acquired 100% effective 1 February 2009
FDH Financial Holdings current Shareholder structure is as follows:
  • Kingdom Financial Holdings Limited (Zimbabwe) :
  • 40.16%
  • Thomson Frank Mpinganjira Trust :
  • 39.84%
  • Old Mutual Life Assurance Company (Malawi) Limited :
  • 20.00%
    TOTAL : 100%

     

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