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PNC Menon to hand over Sobha’s reins to son Ravi
Story by Issac John
• 16h • 3 min read
PNC Menon to hand over Sobha’s reins to son Ravi
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.
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
US and Australia while looking to diversify its business activities aimed at doubling the turnover to
$10 billion over the next five years.
https://www.msn.com/en-ae/money/news/pnc-menon-to-hand-over-sobha-s-reins-to-son-ravi/ar-
AA1pssMH?ocid=BingNewsSerp
