SA Shareholders Approve Dividend Payment of THB 0.08/Share, Unveils 2025 Plan to Accelerate Green
Projects for Future Demand, Shows Strong Backlog of THB 5.2 Billion
Shareholders of Siamese Asset Public Company Limited (SA) have given the green light for a cash dividend payment of THB 0.08 per share, scheduled for payment on May 23rd. Simultaneously, the company is moving forward with its 2025 plan, focusing on expanding Branded Residence and Mixed-Use projects, alongside building recurring income from its hotel and service businesses under the concept of "THE SUSTAINOVATIVE LIVING." The company currently holds a robust sales backlog of over THB 5.2 billion, supporting its growth in 2025-2026.
Ms. Leetita Aksornjirarat, Chief Financial Officer of Siamese Asset Public Company Limited (SA), an integrated property developer operating under the concept of "Asset of Life: Creating Profit for Every Lifestyle," revealed that the 2025 Annual General Meeting of Shareholders approved the dividend payment for the 2024 operating results at a rate of THB 0.08 per share, with the payment date set for May 23, 2025.
Regarding the 2025 business plan, the company is advancing towards its goal of becoming a leader in sustainable living under the "THE SUSTAINOVATIVE LIVING" concept. By 2026, the company aims for a revenue proportion of 70% from high-rise projects, 20% from low-rise projects, and 10% from recurring income. It will continue to accelerate the development of Branded Residence and Mixed-Use projects, as well as expand related businesses such as hotels, restaurants, and healthcare services to meet rental market demand and generate stable income.
Furthermore, the company prioritizes sustainable development by integrating green innovations into all its projects, such as the Air of Life system, solar rooftops, and EV chargers. SA is committed to ensuring that all its projects achieve EDGE green building certification. This not only helps reduce energy consumption by over 40% but also reflects the company's environmentally friendly business operations and its responsiveness to the needs of modern consumers. Currently, the company has a sales backlog of over THB 5.2 billion, which is expected to be gradually recognized as revenue during 2025-2026.
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25 May 2024
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