Fijian Holdings Limited (FHL) is celebrating its 40th anniversary, commemorating the dedication and trust of its shareholders throughout the years. Jaoji Koroi, CEO of FHL Group, highlighted that the value of shares has multiplied ninefold, empowering iTaukei resource owners and ensuring that Fijians see a tangible return on their investments.
Koroi emphasized that this significant growth reflects FHL’s commitment to enhancing the financial wellbeing of Fijian investors, particularly iTaukei communities. During the anniversary celebrations, several shareholders were recognized with awards, illustrating their commitment to FHL’s vision for growth.
As of June this year, FHL reported total assets exceeding $700 million and profits of $70 million. The company was established to promote iTaukei involvement in the economy and encourage participation in sectors typically dominated by foreign enterprises. Today, FHL boasts a diverse portfolio that includes finance, tourism, retail, and media, making it one of the most impactful investment firms in Fiji.
Reflecting on four decades of operation, FHL’s board members remarked on the company’s steadfast dedication to its foundational mission, achieving a balance between profitability and meaningful community engagement. Koroi also pointed out that FHL’s efforts to empower resource owners are aligned with Fiji’s national economic aspirations and serve as a model for inclusive growth across the Pacific region.
In summary, FHL’s 40-year journey is marked by significant achievements in economic empowerment and community investment, showcasing a hopeful outlook for both shareholders and the Fijian economy as it continues to evolve and grow.
This anniversary serves as a reminder of the importance of local ownership and investment, highlighting the positive impact that community-focused businesses can have on national development.
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