Gulf Energy Development chief executive Sarath Ratanavadi rated the richest Thai shareholder for the second year running.(Photo supplied)
Gulf Energy Development (Gulf) chief executive Sarath Ratanavadi has been rated the richest Thai shareholder for the second year running with stock valued at 115 billion baht, 5.7 billion baht less than last year.
The annual survey by Money&Banking Magazine and Chulalongkorn University’s faculty of commerce and accountancy showed that Mr Sarath was still the wealthiest Thai shareholder.
His company holding was valued at 115.29 billion baht, down by 5.67 billion baht, or 4.67%, from last year. Mr Sarath is Gulf’s biggest shareholder, with a 35.44% stake.
When Mr Sarath emerged as Thailand’s richest stockholder in 2019 the price of Gulf shares jumped to 160 baht at…
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