‘Sarath Ratanavadi’ Increases GULF Shareholding by 8.6 Million Shares in January

The Securities and Exchange Commission (SEC) has received reports on changes in the securities and derivatives holdings of executives. The report stated that Sarath Ratanavadi, Chief Executive Officer of Gulf Development Public Company Limited (SET: GULF), made three separate purchases of GULF shares, totaling over 8,687,000 shares, with an aggregate value of more than THB 369 million.

On January 8, 2026, CEO Sarath acquired 5,150,600 shares at an average price of THB 42.43 per share, amounting to a total value of THB 218 million. As a result, after the purchase, he held 4,369,228,893 shares.

Additionally, on January 9, 2026, Sarath purchased another 1,000,000 shares at an average price of THB 43.00 per share, with a total value of THB 43 million. After this transaction, his shareholding stood at 4,370,228,893 shares.

On January 12, 2026, he further acquired 2,536,400 GULF shares at an average price of THB 42.75 per share, totaling over THB 108 million. After completion of these transactions, his total shareholding amounted to 4,372,765,293 shares.