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    Brief: Singtel Sells 2.8% Stake In Gulf Development For S$1 Billion

    Picture of Singapore Telecommunications logoSingapore Telecommunications
    23/06/2026 05:14
    BRIEF-Singtel Sells 2.8% Stake In Gulf Development For S$1 Billion
    June 23 (Reuters) - Singapore Telecommunications STEL.SI:
    • SINGTEL GROUP SELLS 2.8% STAKE IN GULF DEVELOPMENT FOR S$1 BILLION
    • TRANSACTION WAS EXECUTED VIA PRIVATE PLACEMENT AND WILL RESULT IN CUMULATIVE GAINS OF APPROXIMATELY S$140 MILLION IN EQUITY.
    • AFTER TODAY'S TRANSACTION, GROUP WILL HOLD A 4.95% STAKE IN GULF DEVELOPMENT
    • SINGTEL GROUP SELLS 2.8% STAKE IN GULF DEVELOPMENT FOR S$1 BILLION
    Further company coverage: STEL.SI

     ((Reuters.Briefs@thomsonreuters.com;))

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