Fijian Holdings Ltd

Tukai Lagonilakeba, Namaka, Nadi

FHL is a very successful, local, wholly owned iTaukei Fijian company. It has 16 subsidiaries all over the country and has major shareholders in large companies including being listed on our local stock market.

I have always wondered why it is a Public company but is specifically dedicated only to protect indigenous

iTaukei shareholders only, but I am interested to know if the existence of the FHL is discriminatory and is against the Spirit of our 2013 Constitution. This is something we can ponder upon but I like the advancement of the iTaukei commercial interest through this concept including the now increased $15 Million iTaukei Grant through the Ministry of Economy and vinaka vakalevu to government for recognising the demand and its positive impact on iTaukei resource owners. The CEO of FHL is Fijian of Muslim descent and the Board is headed by a kai Nadi Adrian Sofield as Chairman which is a very good and successful mix of professionals all chosen on merit in the spirit of our country’s Constitution.

Why not allow other companies and Fijians to team up with those iTaukei and buy shares together to share in the benefits long term and in that manner, it is inclusively compliant, progressive and inclusive which will lead to long term profitability and success for FHL, where Fijian should be indiscriminately allowed to buy shares. Probably my kaivata from Nadi and friend Adrian Sofield might want to have a relook at their Company Memorandum and Articles of Association to see if this can be accommodated.