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Singtel sells 2.8% stake in Gulf Development for S$1 billion
Singtel, Gulf Development
Singapore / Thailand
June 23, 2026
This article is generated by cross-referencing multiple sources and official announcements. Parts relying solely on testimony or reporting are reflected in the confidence score; content and assessment are updated as new information is confirmed.
Singtel sold a 2.8% stake in Thailand's Gulf Development for approximately S$1 billion. The sale is part of Singtel's capital recycling program, Singtel28. Singtel retains a 4.95% stake in the company.