Page 499 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/1/24, 1:24 PM Sobha Realty awards AED 100 Million special bonus to employees in recognition of dedication
Sobha Realty awards AED 100 Million

special bonus to employees in recognition

of dedication

Sobha Realty awards AED 100 Million special bonus to employees in recognition of
dedication

Dubai, February 29, 2024: Sobha Realty, a leading real estate developer in Dubai, announced
a special bonus program for all its employees in a testament to its commitment to recognising
their hard work and dedication.

Appreciating the unwavering commitment demonstrated by the team members, the company has
granted AED 100 Mn bonus to all employees working on non-incentive programs, covering
employees across various departments. This move underscores the company’s belief in the
collective effort that has played a pivotal role in Sobha Realty’s success.

Ravi Menon, Co-chairman of Sobha Realty said: “We extend our heartfelt appreciation to the
essential pillars of Sobha Realty—the outstanding individuals who consistently contribute their
skills, passion and dedication each day. The special bonus is an expression of our gratitude for
the resilience demonstrated by our employees, particularly in the face of challenging times.”

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The bonus, disseminated on 1 Feb 2024, aims to provide employees with an extra boost as they
enter into the new year. Sobha Realty acknowledges the pivotal role each employee plays in the
company’s growth and success, emphasising its commitment to fostering a positive and
motivating work environment. This bonus program aligns with Sobha Realty’s core values of
integrity, innovation and excellence, reaffirming the company’s dedication to its greatest asset,
its people.

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