The synthesis of silver coated iron base alloy (Sendust : Fe-Si-Al) powder having the both effects of shielding and suppressing of electromagnetic wave was studied. Depending on thickness of silver coating layer, the electromagnetic properties of the dispersed particles complexed with organic binder were examined. It is proposed that the silver coated sendust flake powders with controlled electrical properties and thickness can be used as thin microwave absorbers in quasi-microwave frequency band.