SEDCO Holding CEO talks ethical investments at WGES

CEO of SEDCO Holding Group Hasan Al-Jabri participates in a plenary session.
Updated 05 November 2019

SEDCO Holding CEO talks ethical investments at WGES

Underlining the growing importance of upholding responsible investment and finance principles to drive sustainable economic growth, Hasan Al-Jabri, CEO of SEDCO Holding Group, highlighted the company’s Prudent Ethical Investing (PEI) strategy at the World Green Economy Summit (WGES) 2019 held in Dubai. Al-Jabri was speaking at a plenary session titled, “Green Finance and Investments,” at the summit, which took place under the patronage of Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of UAE and the ruler of Dubai.
The summit, which saw the attendance of over 3,000 delegates, included high-profile speakers such as François Hollande, former president of France, and Ban Ki-moon, former secretary-general of the United Nations.
Featuring an impressive lineup of industry leaders and experts, the plenary session explored lucrative opportunities presented by green finance and how businesses can tap into this promising market by adopting sustainable practices. The speakers also shed light on various factors that hinder the growth and wider adoption of green financing and put forward recommendations to overcome these challenges.
Al-Jabri stressed the significance of ethical and socially conscious investing to help realize sustainable environmental, social and governance (ESG) goals. SEDCO Holding’s PEI-based portfolios combine the principles of responsible and Shariah-compliant finance, bringing together the many benefits of both approaches. The strategy has been proven tremendously successful in ensuring enhanced long-term risk-adjusted returns to support the performance of businesses and promote greater sustainability.
“Ethical investing not only brings economic benefits, but also significantly contributes to environment-friendly initiatives and business operations thereby driving the expansion of the green economy. Major events like the World Green Economy Summit are offering us a strategic platform to spotlight the increasing importance of adopting responsible finance and banking principles and sustainable practices across businesses. They also provide us an excellent opportunity to address various challenges facing green investing, including a lack of awareness of its unmatched benefits,” said Al-Jabri.

Hyundai launches new i30 N in South Africa

Updated 19 February 2020

Hyundai launches new i30 N in South Africa

Hyundai Motors has increased its presence in South Africa by launching its first mass-produced high-performance car — i30 N — last week in Cape Town. 

The first model of the N brand, the i30 N is Hyundai’s first high-performance car, which has been developed with a key focus on its race-track capability and its ability to be a fun-to-drive everyday sports car. 

“Advanced technology and a high level of driver customization has been built into the i30 N, which means it can play the role of a comfort-oriented commuter as well as a race-track ready performance car,” the automaker said.

The i30 N has a 1,998 cc, four-cylinder turbocharged petrol engine, with its maximum power output of 202 kW reached at 6,000 r/minute, while maximum torque is achieved from 1,500 to 4 700 r/minute. 

The power is delivered to the front wheels of the i30 N through a six-speed manual gearbox and has five different drive modes: Eco, Normal, Sport, N and N Custom, which can be accessed through two dedicated buttons on the car’s steering wheel. 

The i30 N has a rev matching function built-in to adjust the engine revolutions when the driver shifts from a higher to a lower gear, thereby ensuring smooth gear shifting. The dual muffler exhaust sounds add to the pleasure of commanding a high-performance vehicle.

Speaking at the launch, Niall Lynch, CEO of Hyundai Automotive South, said: “The i30 N is one of the most exciting cars Hyundai has made in the recent years highlighting Hyundai’s talented designers and engineers who are always setting new standards.

“It is a high-performance car meant to deliver a fun driving experience and I have no doubt there’s a bright future in store for the Hyundai i30 N in South Africa. It has already been described as a ‘game changer’ with more than 20,000 units sold across Europe since we started trading in 2017.”

The i30 N has stylish 19-inch wheels with 235/35R19 Pirelli P-Zero high-performance tires and red brake callipers featuring the N-logo. Aggressive bumpers with larger air intakes and a red character line, an aerodynamic rear spoiler with a triangular brake light, and a dual muffler exhaust complete the sleek, sporty look.

The i30 N also features the electronically controlled suspension (ECS) and electronically controlled limited-slip differential, which ensures an exhilarating drive with cornering capabilities that befits the i30 N’s hot-hatch character.

Customers can choose from five color options — Polar White, Performance Blue, Micron Grey, Phantom Black and Engine Red.

Hyundai plans to launch the i30 N model in the Middle East toward the end of 2020.