Sarath Ratanavadi Becomes 8th Largest Shareholder in Krung Thai Bank after Major Stock Purchase

Today (19 November 2025), Krung Thai Bank Public Company Limited (SET: KTB) announced through the Stock Exchange of Thailand its shareholder overview as of 12 November 2025, the record date for determining shareholders eligible for dividend payment. The company had previously marked its XD (Ex-Dividend) on 11 November 2025, with dividend payout scheduled for 27 November 2025.

According to the latest disclosed data, Mr. Sarath Ratanavadi, CEO of Gulf Development Public Company Limited (SET: GULF), personally purchased 130 million shares of Krung Thai Bank, accounting for 0.93% of all voting rights, immediately ranking him as the 8th largest shareholder of KTB.

Based on an assumed average KTB share price of approximately 27 baht over the past month, Mr. Sarath used about 3.5 billion baht of personal funds for this business investment. Given the purchase occurred before KTB’s XD date, Mr. Sarath will receive approximately 55.9 million baht in interim dividends for this round.

New major shareholders include the 7th largest, BBHISL NOMINEE LIMITED, with 169.6 million shares (1.2%), and the 8th, Mr. Sarath Ratanavadi, with 130 million shares (0.9%).