The Office of the Securities and Exchange Commission (SEC) has released an update on securities and derivatives transactions (Form 59) dated June 12, 2025, detailing stock movements by Mr. Sarath Ratanavadi, CEO of Gulf Development Public Company Limited (SET: GULF).
According to the report, Mr. Sarath acquired an additional 4,018,100 shares of GULF on June 11, 2025. This purchase represents a 0.020% stake, executed through the Stock Exchange of Thailand (Auto Matching) with Bualuang Securities Public Company Limited as the broker. The average purchase price was THB 43.44 per share, totaling THB 174.55 million in transaction value.
Following this acquisition, Mr. Sarath now directly holds 4,360,105,678 shares, equating to 29.18% of the company’s total voting rights.
Prior to this latest transaction, Mr. Sarath had also purchased 2,000,000 additional GULF shares on June 11, 2025—amounting to a 0.0133% stake—at THB 43.50 per share, for a total value of THB 87 million.
These transactions underscore continued confidence from the CEO in GULF’s future prospects, as he steadily increases his personal stake in the company.
