Thai Billionaire ‘Sarath Ratanavadi’ Adds 2.42 Million of GULF Shares Into Portfolio

According to a Form 59 filing (Report of Changes in Executive Securities Holding), Sarath Ratanavadi, Chief Executive Officer of Gulf Development Public Company Limited (SET: GULF), has acquired additional common shares in the company.

Key Transaction Details:

  • Transaction Date: 14 September 2026.
  • Number of Shares: 2,415,600 shares (approximately 2.42 million shares).
  • Average Price: 60.75 Baht per share.
  • Total Transaction Value: Approximately 146.75 million baht.
  • Execution Method: Purchased on the Stock Exchange of Thailand via the Auto Matching system through Bualuang Securities Public Company Limited.

Following this transaction, Sarath Ratanavadi’s shareholding in GULF increased from 4,360,734,893 shares to 4,363,150,493 shares. This consolidated his total voting stake to 29.20% of the company’s total voting rights.