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WEDNESDAY, October 05, 2022
Gulf Energy CEO Sarath tops list of highest dividend earners

Gulf Energy CEO Sarath tops list of highest dividend earners

THURSDAY, March 31, 2022

The chief executive officer of Gulf Energy Development Plc, Sarath Ratanavandi, earned THB1.835 billion in dividends from his company, and an estimated total of THB3.79 billion, making him the highest dividend earner last year.

Sarath holds a 35 per cent stake in Gulf Energy Development and topped the list of shareholders who were the biggest earners of dividends in the country.

Sarath owns 4,171,077,797 shares, a 35.55 per cent stake, in the SET-listed company. The company declared a dividend of THB0.44 per share, amounting to THB1.835 billion for Sarath, up 15.79 per cent over the previous year.

When added to the dividends paid to his wife and three subsidiary firms, which hold Gulf shares, Sarath is estimated to have received dividends totalling THB3.79 billion last year.

They include earnings from Gulf’s shareholding in Intuch Holdings. Sarath will receive THB1.129 billion as his 35 per cent share of the THB3.79 billion dividend paid by Intuch to Gulf, taking the total dividends he received individually to THB2.964 billion.

The other nine top dividend earners are:

 Anant Asavabhokhin — THB1.43 billion in dividends for the 2,860,000,047 shares he owns in Land And Houses.

 Thongma Vijitpongpun — THB1.265 billion in dividends from Pruksa Holding Co.

 Niti Osathannugrah — THB1.132 billion in dividends from the Niti portfolio that holds shares in 10 major corporations.

 Prasert Prasarttong-Osoth — THB918 million in dividends from Bangkok Dusit Medical Service and Nonthavej Hospital.

 Keeree Kanjanapas — THB818 million in dividends from BTS Holdings.

 Natchamai Thanombooncharoen — THB399 million in dividends from Carabao Group.

 Daonapha and Chuchart Phetamphai — THB266.04 million in dividends from Muangthai Capital

 Harald Link — THB261.37 million in dividends from B.Grimm of Bangkok.