Gulf Development (GULF) — StockGuide AI - assistant for market research

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Singtel Sells 2.8% Stake in Gulf Development for $773 Million to Fund AI and Data Center Investments

06/23/2026, 01:37 AM sale telecom ai Gulf Development Singtel (SGT)

Singtel has divested 2.8% of its stake in Gulf Development for approximately S$1 billion to fund new investments, particularly in AI and data centers, while maintaining a significant stake in the company.

Gulf Development

Ticker: GULF

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Singtel Sells 2.8% Stake in Gulf Development for $773 Million to Fund AI and Data Center Investments