Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary, recognizing the dedication and trust of its shareholders over the past four decades. Jaoji Koroi, the CEO of FHL Group, announced that the value of its shares has increased ninefold, demonstrating a significant enhancement in the financial security of resource owners and providing Fijians with a sound return on their investments.
This impressive growth reflects FHL’s commitment to empowering iTaukei resource owners and supporting the economic well-being of investors within Fiji. Several shareholders were honored for their roles in driving the company’s vision forward. Koroi noted that the Group’s total assets have surpassed $700 million, with profits reaching $70 million as of June this year.
FHL was founded with the mission of integrating iTaukei individuals into the economy and encouraging their participation in sectors historically dominated by foreign or private entities. Today, FHL boasts a diverse portfolio that includes finance, tourism, retail, and media, positioning it as one of the most significant and varied investment firms in Fiji.
As part of its anniversary reflections, FHL’s board members emphasized the company’s continued commitment to its fundamental mission, effectively balancing profitability with genuine community involvement and social responsibility. Koroi further stated that FHL’s initiatives align with Fiji’s national economic objectives, presenting a unique model for inclusive growth throughout the Pacific.
In summary, FHL’s journey over the past 40 years highlights the importance of sustainable investment and community empowerment, paving the way for a thriving economic future for Fiji and its people. This celebration not only marks a milestone for FHL but also serves as an inspirational example of how dedication to local ownership and investment can yield significant benefits for society.
It is a hopeful reminder that companies can achieve success while contributing positively to their communities, promoting a vision of shared growth and prosperity.
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