Fiji’s biggest indigenous-owned investment institution Fijian Holdings Ltd (FHL) has announced the reappointment of its chief executive officer Jaoji Koroi for another four-year term, effective May 1, 2024.
Under Mr Koroi’s leadership, the FHL Group achieved record revenues, profits before tax and delivered double digit growth in its holding company’s portfolio, FHL announced at the South Pacific Stock Exchange (SPX) this week. Last year, FHL dedicated 10 per cent of its capital base for investment alongside iTaukei businesses to fulfil its core purpose.
“FHL also diversified its funding sources by successfully raising and listing Fiji’s first ever corporate bond of $30million. With a progressive approach on staff engagement, the group enhanced its employee medical and term life benefits to 80 per cent of its participating subsidiaries, marking an improvement of nearly 80 per cent coverage since 2021,” it stated.
FHL chair Rokoseru Nabalarua said the renewal of Mr Koroi’s contract ensured stability and continued progress for FHL.
FHL is listed on SPX and was trading at 90 cents a share.
