Sarath Ratanavadi, Chief Executive Officer of Gulf Development Public Company Limited, or GULF, filed a report on changes in securities and derivatives holdings by executives, Form 59, disclosing the purchase of an additional 5,000,000 ordinary shares of the company on September 30, 2026, at an average price of 59.25 baht per share, for a total value of approximately 296.25 million baht, or nearly 300 million baht. The purchase was made through the Stock Exchange of Thailand via the Auto Matching system through Bualuang Securities Public Company Limited. Following the transaction, Sarath holds a total of 4,368,150,493 GULF shares, or 29.24% of the company's total voting rights, up from 4,363,150,493 shares held before the transaction.
Gulf Energy Development Public Company LimitedCEO Sarath bought 5 million more GULF shares, raising his stake to 29.24%, signaling insider confidence.
