Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary, honoring the trust and investment commitment from its shareholders over these decades. FHL Group CEO Jaoji Koroi highlighted that the value of shares has increased ninefold, significantly benefiting iTaukei resource owners and providing Fijians with tangible value from their investments.
This remarkable growth not only emphasizes FHL’s role in empowering local resource owners but also reflects its contribution to the financial enhancement of Fijian investors as a whole. During the anniversary celebration, several shareholders were recognized with awards, illustrating their dedication to the holding company’s vision.
As of June this year, FHL has surpassed $700 million in total assets and recorded a profit of $70 million. Founded with the goal of promoting iTaukei participation in the economy, FHL has successfully expanded its reach, building a diverse portfolio across various sectors including finance, tourism, retail, and media. This diversity has cemented its status as one of Fiji’s most influential investment companies.
Board members of FHL expressed pride in how the company has remained committed to its core mission, balancing profitability with substantial community involvement and social responsibility. Koroi also emphasized that FHL’s focus on empowering resource owners aligns seamlessly with Fiji’s national economic objectives, presenting a unique model for inclusive growth in the region.
In summary, FHL’s anniversary not only marks a significant milestone but also showcases its commitment to fostering economic empowerment and community development, suggesting a hopeful vision for continued growth and success in the coming years.
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