# Service and Trade Company

Service and Trade Company is a Single Family Office based in Muscat, Oman.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Muscat, Oman
- **Region:** Asia
- **Address:** Muscat, Oman, Oman
- **Founded:** 1977
- **Assets under management:** Undisclosed
- **Website:** stcgroups.com
- **LinkedIn:** https://www.linkedin.com/company/stc-llc

## Regulatory record

- **Reports private funds:** No

## About

Service and Trade Company was established by Brig. Gen. (Retd.) Sulaiman Al Adawi and P.N.C. Menon. The office manages family wealth originating from the principals' business activities. Waqas Al Adawi serves as Vice Chairman. The firm allocates capital to real estate and infrastructure. Positions include The Waterfront mixed-use development in Shatti Al Qurum, Coral Building in Muscat, and Sobha Sapphire in Dubai. It also operates the S&T Marble Factory in Oman. Geographic exposure centers on Oman and the United Arab Emirates. Investments occur through direct ownership and late-stage opportunities. The office employs no disclosed headcount figure. Waqas Al Adawi participates in the Oman Business Forum and serves as Vice Chairman of Sharaka. The family maintains the Sri Kurumba Trust for philanthropic activities. No operational events from the last 24 months appear in available records. Governance separates investment management from the family's operating businesses. The structure routes decisions through the chairman and vice chairman while preserving confidentiality on holdings and allocations.

## Sectors

- Real Estate
- Infrastructure

## People

- Brig. Gen. (Retd.) Sulaiman Al Adawi — Chairman and Co-founder
- Waqas Al Adawi — Vice Chairman of S&T Group
- P.N.C. Menon — Co-founder

## Questions

### Who runs investment decisions at Service and Trade Company?

Brig. Gen. (Retd.) Sulaiman Al Adawi serves as Chairman. Waqas Al Adawi acts as Vice Chairman.

### What asset classes does Service and Trade Company hold?

The firm holds real estate and infrastructure assets. Confirmed positions include mixed-use developments and commercial buildings in Oman and Dubai.

### Does Service and Trade Company operate as a single family office?

Yes. It functions as the single-family office for the Al Adawi family and maintains separation from external capital.

### Where does Service and Trade Company invest geographically?

Activity concentrates in Oman and the United Arab Emirates.

### How is Service and Trade Company connected to Sobha Group?

P.N.C. Menon, co-founder of Service and Trade Company, founded Sobha Group.

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- [Seronera Capital Partners](https://altss.com/profile/seronera-capital-partners)
- [Servotex](https://altss.com/profile/servotex)

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Last updated: 2026-06-03T20:00:00.000Z

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