Ngern Tid Lor (TIDLOR) Declares 40% Interim Dividend, Reschedules Tender Offer

Bangkok, Thailand – 20 December 2024 – Ngern Tid Lor Public Company Limited (TIDLOR), a leading Thai financial institution, has announced a 40% interim dividend and provided updates on its tender offer timeline.

TIDLOR’s Board of Directors has approved an interim cash dividend of 0.438 Baht per share, representing 40% of the company’s net profit for the first nine months of 2024. The record date for shareholders eligible to receive the dividend is set for 6 January 2025, with payment scheduled for 17 January 2025.

Managing Director Mr. Piyasak Ukritnukun commented, “Given our strong financial performance, high retained earnings, and robust liquidity, along with confidence in our 2025 operations, the company deems it appropriate to declare this special dividend.”

Additionally, TIDLOR updated shareholders on the progress of its shareholding and management restructuring plan. Following the Securities and Exchange Commission’s (SEC) approval of the securities offering and tender offer process, further regulatory approvals are being sought. Consequently, the timeline for the tender offer has been rescheduled to 2025. A TIDLOR spokesperson explained, “The decision to reschedule the tender offer to 2025 is part of our strategic approach to ensure a comprehensive and efficient process, aligning with all regulatory requirements.”

The announcement reflects TIDLOR’s strong operational performance. The company reported significant growth in its insurance brokerage business during Q4 2024, supported by its advanced InsurTech platform. Its lending business has also shown strong recovery, with a Non-Performing Loan (NPL) ratio below 2%, outperforming industry averages.

These achievements underscore TIDLOR’s commitment to innovation, sustainable growth, and value creation for shareholders. For further updates on the restructuring plan and tender offer, please visit www.tidlorinvestor.com or www.set.or.th.

About Ngern Tid Lor Public Company Limited (TIDLOR)

Ngern Tid Lor is a prominent financial institution in Thailand, offering a diverse range of services, including insurance brokerage, lending, and investment advisory. With a strong market presence and a focus on technological innovation, TIDLOR continues to deliver tailored financial solutions to clients. The company remains dedicated to sustainable growth, effective cost management, and maintaining strong corporate governance practices. Listed on the Stock Exchange of Thailand (SET) under the symbol TIDLOR, the company sets industry benchmarks for efficiency and innovation.