Page 143 - SOBHA REALTY PR REPORT - AUGUST 2024

Sobha to go global as Ravi Menon takes over as

Chairman

August 26, 2024

Staff Report,

Dubai-based Sobha Realty has announced the appointment of Ravi Menon as the new chairman
after Founder PNC Menon retired from the position. Previously the Co-Chairman of Sobha Group,
Ravi Menon will actively serve his new role from November 18, 2024. Under his leadership, Sobha
will widen its global portfolio with possible projects in Texas, USA and Western Australia.

An ambitious PNC Menon travelled from India to Oman in 1976 with a meagre amount of seven
dollars in his pocket. With 3,000 riyal paid by the local sponmsor, he started his entrepreneurial
journey by establishing an interior decoration firm that went on to become a group in the next five
decades. Menon earned the title of “The Palace Maker” for the intricate details while designing the
Sultan Qaboos Grand Mosque in Oman.

Founded in Bengaluru, India in 1995, Sobha Group has covered 120 million square feet of
construction across residential, commercial, and contractual real estate, with a total value of
US$1.5 billion. The group currently operates in India, the UK and the UAE, with a prominent project
portfolio in Dubai. Led by Ravi Menon as Chairman and Francis Alfred as Managing Director, Sobha
Realty aims to triple its current value of US$5 billion in Dubai to US$15 billion from its global
expansion. In addition to operations planned in Texas, USA, the developer sees potential growth in
Western Australia.

PNC Menon, Founder and Chairman of Sobha Group, said, “Throughout my tenure as Chairman, I
have been inspired by our exceptional team’s dedication and creativity, which has propelled the
company to new heights. I remain committed to supporting Sobha Realty’s ambitions and am
confident that under Ravi Menon and Francis Alfred’s leadership, the company will enter a new era
of progress and innovation.”

Ravi Menon has served in various leadership positions of the group in India and the UAE before
succeeding his father. Together with Francis Alfred, he will oversee the integration of technology in
all aspects of project development, from design and engineering to construction and facilities
management. They will spearhead innovation in Sobha by implementing AI, robotics, and prop-tech
in their operations.

Ravi Menon, Co-Chairman of Sobha Group, stated, “I am deeply honoured to take on the role of
Chairman of Sobha Group. Under PNC Menon’s remarkable leadership, Sobha Realty has become
a leading luxury real estate developer in the region, with promising expansion plans globally. I am
committed to upholding this legacy and advancing it further to make it the most preferred brand for
customers.”

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