P. N. C. Menon founded Sobha Realty in 1976 as an interior decoration company. Today, Sobha Realty has a presence in the U.A.E., Oman, Bahrain, Qatar, Brunei, and India, with over 600 projects across more than 13 million square meters. In H1 2023, the developer recorded sales of $2 billion and launched four projects: Sobha Reserve, 330 River Side Crescent, Verde, and Hartland II Villas I. In July 2023, the company completed a debut 5NC3 Sukuk issuance of $300 million. Menon’s net worth was $2.1 billion as of March 2024, according to Forbes.