Dubai-based Sobha Realty revealed on Thursday that it has implemented a special AED 100M bonus programme for its entire staff. The bonus is distributed to employees involved in non-incentive programmes across various departments. It highlights the company’s belief in the collaborative effort crucial to Sobha Realty’s success.
Ravi Menon, Co-chairman of Sobha Realty, expressed gratitude to the essential contributors, stating, “The special bonus is an expression of our gratitude for the resilience demonstrated by our employees, particularly in the face of challenging times.”
Distributed on February 1, 2024, the bonus aims to provide employees with an additional boost as they embark on the new year. Sobha Realty emphasised its commitment to fostering a positive and motivating work environment, acknowledging the vital role each employee plays in the company’s growth.
In the previous year, Sobha Realty achieved a milestone by successfully issuing its debut $300M 5NC3 Sukuk. The pricing of the issuance, featuring a call feature, represents a notable accomplishment for Sobha Realty and the industry as a whole, according to Gulf News.
