Fijian Holdings Limited: 40 Years of Transformative Growth

Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary, reflecting on the commitment and trust of its shareholders throughout the years. The company has seen remarkable growth, with the value of shares increasing ninefold, enabling iTaukei resource owners to benefit significantly and reinforcing the value of investment for Fijians.

Jaoji Koroi, the CEO of FHL Group, highlighted that the company has surpassed $700 million in total assets and reported a profit of $70 million as of June this year. This solid financial performance underscores FHL’s essential role in bolstering the economic empowerment of iTaukei resource owners and enhancing the financial stability of Fijian investors.

During the anniversary celebration, several shareholders were honored with awards, recognizing their dedication and significant contributions toward fulfilling the company’s vision. FHL was founded to encourage iTaukei participation in the economy and increase their presence in sectors that were mostly under foreign or private control.

Currently, FHL boasts a diversified portfolio that includes industries such as finance, tourism, retail, and media, establishing it as one of the most influential investment companies in Fiji. The board members of FHL reiterated the company’s commitment to balancing profit generation with social responsibility and community involvement.

Koroi also emphasized that FHL’s efforts to empower resource owners align with Fiji’s national economic goals, offering a unique model of inclusive growth that can serve as an example for the broader Pacific region.

This milestone not only showcases FHL’s growth trajectory but also emphasizes the significant strides made toward more equitable access to economic opportunities for local communities, setting a hopeful precedent for sustainable development in Fiji.

In summary, Fijian Holdings Limited has achieved substantial growth over the past four decades, marking a strong commitment to empowering its shareholders and enhancing economic opportunities in the region.