Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary, recognizing the enduring commitment and trust of its shareholders throughout the decades. Jaoji Koroi, the Group CEO, highlighted that the value of FHL’s shares has increased by ninefold, which has notably empowered iTaukei resource owners and provided significant value to Fijian investors.
The anniversary celebration included awards for select shareholders, acknowledging their dedication to the company’s vision. Koroi reported that FHL’s total assets have surpassed $700 million, achieving a profit of $70 million as of June this year. FHL was founded to enhance iTaukei participation in the economy and to increase their presence in sectors typically dominated by foreign entities.
Today, FHL boasts a diverse portfolio that includes finance, tourism, retail, and media, positioning itself as one of Fiji’s most influential investment companies. Reflecting on the milestone, the board reaffirmed their commitment to balancing profitability with social responsibility and community engagement. Koroi also emphasized that FHL’s approach to empowering resource owners aligns with Fiji’s national economic objectives, presenting a model for inclusive growth within the Pacific region.
In a time marked by economic challenges globally, FHL’s success story serves as an inspiration, highlighting the potential for sustainable growth through community involvement and strategic investment. The ongoing commitment to fostering iTaukei resource owners signifies a promising journey ahead for both the company and the local economy, reinforcing the importance of inclusive development in the Pacific.
This celebration not only marks a historical achievement for FHL but also sets a hopeful tone for future opportunities and growth in the region.
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