Fijian Holdings Limited (FHL) is poised to surpass $1 billion in total assets by 2026, marking a significant milestone in its expansion and progress. The announcement was made during the official opening of the new FHL Tower in Suva, attended by Prime Minister Sitiveni Rabuka. He highlighted that this growth is not only a financial success but a realization of a long-held vision for iTaukei people’s active participation in Fiji’s economic landscape.
“This is more than a building or a balance sheet milestone. It’s proof that when vision and perseverance meet, local leadership can achieve world-class results,” stated Rabuka.
Since its establishment in 1984, FHL has promoted iTaukei ownership in vital industries, witnessing four decades of steady growth. The company’s board chairman, Rokoseru Nabalarua, emphasized that this achievement symbolizes the progress made by indigenous entrepreneurship within the corporate sector. He noted, “This growth is not just about size. It’s about capacity—the ability of iTaukei enterprise to compete, innovate, and lead.”
Despite encountering challenges such as the COVID-19 pandemic and global supply chain disruptions, FHL reported maintained profitability and is now focusing on regional investments and digital transformation to reshape Fiji’s economic narrative.
Moreover, FHL’s recent actions align with its commitment to community upliftment. Previously, the firm announced a substantial property portfolio valued at $183 million, showcasing its investments in key buildings and properties that support local economic participation. FHL is also driving forward its $50 million impact investment initiative aimed at empowering iTaukei resource owners through various joint ventures across regions.
These initiatives, along with a diversified portfolio including finance, tourism, retail, and media sectors, position FHL as one of Fiji’s most influential investment firms. The ongoing commitment to fostering economic opportunities for iTaukei communities signifies a hopeful trajectory for both the firm and the broader local economy.
As FHL moves forward, the combination of strategic investments in infrastructure and emphasis on social responsibility not only enhances financial growth but also fosters a sense of community empowerment, allowing for sustainable development and continued collaboration across diverse sectors in Fiji.