Page 174 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

9/13/24, 4:13 PM Sobha Realty Expands Sukuk to USD 500M
About Sobha Realty

Founded in 1976 by PNC Menon, Sobha Realty has become a key player in global luxury real
estate development. The company, known for its flagship Sobha Hartland community, continues
to expand with prominent projects across the UAE and beyond.
The company’s successful USD 230 million sukuk tap reinforces its strategic growth,
strengthening investor confidence while providing increased financial stability to support future
developments and expansion in luxury real estate markets.

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