Juma Al-Majid marks 37% growth across Hyundai, Genesis in UAE

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Updated 31 July 2023
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Juma Al-Majid marks 37% growth across Hyundai, Genesis in UAE

Juma Al-Majid Est., the exclusive distributor of Hyundai and Genesis in the UAE, has reported an unprecedented surge of 37 percent growth in the first half of 2023. The UAE market has witnessed sustained innovation from Hyundai and Genesis, as their cutting-edge technology and commitment to customer satisfaction continue to captivate attention. This achievement reinforces Juma Al-Majid Est.’s position as a trailblazer in the industry and solidifies the trust of UAE consumers in the iconic brands.

Compared to the same period in 2022, Hyundai and Genesis passenger vehicles experienced a collective H1 growth of 37 percent, out of which there was a 16 percent increase in fleet business. 

This growth was primarily driven by Hyundai’s standout performance, which saw a 37 percent increase in passenger vehicles and a staggering 135 percent rise in commercial vehicles.

Hyundai’s growth was predominantly fueled by its top three selling models: Creta, Tucson, and the eco-friendly Sonata Hybrid (Accent). Genesis also had significant progress with a growth rate of 20 percent, mainly attributed to the popular models GV70, GV80 and G80, known for their luxurious designs, superior performance, and innovative features.

Suliman Al-Zaben, director of Hyundai and Genesis UAE, said: “The first half of 2023 has been a notable period where we continued our mission of prioritizing customer happiness and comfort. We centered our services and offered them around their needs, leading to remarkable growth across both brands. We are extremely proud of our progress and owe our success to our loyal customers, who help us maintain an exceptional market presence. We look forward to introducing more offerings in 2023 to exceed customer expectations and build upon our success.”

“The extraordinary achievements witnessed in the first half of 2023 stand as a testament to the loyal customer base and the exceptional quality of Hyundai and Genesis vehicles,” a press statement said.

As the company looks toward the future, there is great anticipation to exceed expectations, introduce groundbreaking offerings, and reinforce their prominent standing as a leading distributor in the UAE market. Juma Al-Majid Est. showrooms can be found across the country.


PwC Middle East and Sirar by stc’s CISO500 program advances cyber leadership

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PwC Middle East and Sirar by stc’s CISO500 program advances cyber leadership

The fifth edition of the CISO500 program ran from Feb. 8-12. Delivered in partnership between PwC Middle East and Sirar by stc, the program featured five intensive days of rich discussions and hands-on practical experiences, aimed at strengthening leadership capabilities in cybersecurity and keeping pace with rapid technological transformation.

The program is designed to develop the capabilities of executive cybersecurity leaders and enhance their strategic role in supporting organizations’ digital transformation. It equips participants to address contemporary challenges in the cyber landscape and expand their influence within decision-making ecosystems.

Yasser Al-Swailem, CEO of Sirar by stc, said that the program represents an important step toward strengthening the readiness of cyber leaders in the region. He noted that the CISO500 program is a fundamental pillar in the journey toward building a secure and trusted Saudi cyberspace aligned with national ambitions. He added that investing in national cybersecurity leadership is no longer optional but a strategic necessity for ensuring sustainable digital development. The program reflects a commitment to empowering national talent to lead the digital security landscape according to the highest global standards.

He further emphasized that such initiatives contribute to strengthening digital security ecosystems and enabling organizations to confidently and sustainably address future challenges.

Samer Omar, cybersecurity and digital trust leader at PwC Middle East, added: “CISO500 is a long-term investment in Saudi leadership. Over the past year, we’ve seen how bringing together senior Saudi cybersecurity professionals in a structured executive environment accelerates capability, builds confidence and deepens collaboration. As the program enters its second year, our focus remains on equipping Saudi CISOs with the strategic perspective and technical depth required to secure the Kingdom’s digital ambitions.”

The program addressed a range of advanced topics, including common cyber transformation pitfalls, mechanisms for securing enterprise digital transformation, and cybersecurity budgeting and financial governance. These topics enhanced leaders’ ability to translate cyber risks and security investments into financial indicators that support executive decision-making.

It also covered the latest technological developments, particularly artificial intelligence, emerging technologies, quantum computing, and the protection of critical and operational infrastructure. Emphasis was placed on the importance of security governance for AI technologies and strengthening enterprise-wide risk management perspectives associated with them.

The program adopted an interactive learning methodology combining strategic discussions, collaborative work, and creative practical exercises, contributing to a deeper understanding of concepts and enabling their translation into applicable organizational practices.

Abdullah Al-Asmari, global cybersecurity director at the Saudi Research and Media Group and one of the program participants, said that the experience added significant strategic and practical value: “The program provided a rich experience that strengthened the leadership perspective of cybersecurity, particularly in linking technical practices with strategic and financial dimensions within the organization. It also offered valuable space for exchanging expertise on emerging technologies such as AI and quantum computing, and the challenges of securing critical infrastructure. This experience enhances cyber leaders’ ability to adopt a more influential role in supporting digital transformation and enabling decision-making based on a comprehensive understanding of risk and value.”

He added that the program facilitated the exchange of insights on emerging challenges and strengthened the ability to align cybersecurity with institutional objectives and executive decision requirements.

Participants said that the program constituted a valuable professional and knowledge-driven experience that enhanced the readiness of cyber leaders to keep pace with rapid digital transformation, reinforcing cybersecurity’s role as a strategic enabler that supports innovation while preserving business trust, reliability, and sustainability.