Fijian Holdings Limited (FHL) is celebrating its 40th anniversary, a milestone that highlights the organization’s commitment to fostering investment and trust among its shareholders over the years.
In a statement, FHL Group CEO Jaoji Koroi announced that the value of shares has increased by an impressive nine times, which has empowered iTaukei resource owners and provided significant returns to Fijian investors. This growth emphasizes FHL’s vital role in enhancing the financial security of local investors.
During the anniversary celebration, a few shareholders were recognized with awards, symbolizing their dedication to the company’s vision and growth. Koroi reported that FHL has surpassed $700 million in total assets, achieving a profit of $70 million as of June this year.
Originally founded to increase iTaukei participation in the Fijian economy, FHL has diversified its portfolio to include finance, tourism, retail, and media. This extensive range of investments positions FHL as one of Fiji’s key investment companies.
Reflecting on this significant anniversary, FHL’s board members reiterated the organization’s unwavering commitment to their core mission. They noted how FHL has successfully balanced profit-making with meaningful engagement in community initiatives and social responsibility. Furthermore, Koroi pointed out that the company’s efforts to empower local resource owners dovetail with Fiji’s national economic objectives, creating a model for inclusive growth in the Pacific region.
This celebration serves as a reminder of the positive impact that well-managed investments can have on local communities and the broader economy, exemplifying a path forward for sustainable growth and empowerment.
In summary, FHL’s anniversary is not just a celebration of its past achievements but also a hopeful indication of its future potential and commitment to community and economic development in Fiji.
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