Page 123 - SOBHA REALTY PR REPORT - AUGUST 2024
P. 123
PNC Menon to hand over Sobha’s reins to son Ravi
Transition of leadership will be effective from November 18, 2024
Issac John
Sobha chairman PNC Menon, flanked by his son Ravi Menon (right) and Francis Alfred,
managing director of Sobha Realty
Published: Mon 26 Aug 2024, 6:33 PM
Last updated: Mon 26 Aug 2024, 6:57 PM
PNC Menon, the founder and chairman of Sobha Group, announced on Monday that he would retire
from his active role as chairman and hand over the reins of the iconic luxury developer to his son
Ravi Menon, who is currently serving as co-chairman of the group.
The significant transition of leadership at the $5 billion prime property developer, known for its
signature residential offerings in Dubai, Muscat and India, will be effective from November 18,
2024, a day after the visionary entrepreneur turns 76.
Burj Al Arab Drone View
PNC, as the chairman of the developer is popularly known, will continue as the founder of the group
and head the group’s new subsidiaries and ventures.
The elevation of Ravi Menon (junior), who has been serving the group in various capacities since
2004, comes at a critical juncture as Sobha group which is all set to expand its footprints across the
https://www.khaleejtimes.com/business/pnc-menon-to-hand-over-sobhas-reins-to-son-ravi
