Cambodia’s capital market set to reach $1B by end-2026

Cambodia’s capital market set to reach $1B by end-2026

Borey Vimean Samnang Plc. is the first property development company in the Kingdom to make its debut in the list of shares on the Cambodia Securities Exchange. The firm’s initial public offering begins on July 2 to September 9.

Delegate of the Royal Government of Cambodia in charge as the Director-General of the Securities and Exchange Regulator of Cambodia (SERC) Sou Socheat expects the Cambodia Securities Exchange (CSX) to raise capital from the issuance of securities by listed companies, increasing to approximately $1 billion by the end of 2026.

He made the remarks yesterday while presiding over the roadshow for the initial public offering (IPO) of Borey Vimean Samnang Plc. at the Cambodia Securities Exchange (CSX).

The event was also attended by the delegate of the Royal Government of Cambodia in charge as the Director General of the Cambodia Securities Exchange (CSX), Hong Sok Hour, Executive Chairman of Borey Vimean Samnang Kim Heang and a large number of investors.

Socheat said that while any company is welcome to seek a stock market listing, only businesses that meet the required standards and are well prepared will be approved to enter the market.

He noted that Cambodia’s capital market has grown steadily from just one listed company in its early years to 27 companies today, with the 28th expected to join soon. The 27th listing is Borey Vimean Samnang Plc, which is raising $10 million through a bond issuance, while the upcoming 28th listing, LOLC, plans to issue more than $50 million in bonds.

“As of now, listed companies have collectively raised around $750 million to $760 million through equity and bond offerings,” Socheat said. “By the end of December, I believe we will reach $1 billion. I am confident we will achieve this milestone.”

He further said that the event this time is not merely intended to promote Borey Vimean Samnang’s IPO. It also reflects the company’s strong commitment to supporting the development of Cambodia’s securities market by raising capital through a public offering and listing on the CSX, thereby strengthening its funding base for future growth.

Sok Hour also said that Borey Vimean Samnang serves as a model for Cambodian businesses, demonstrating a clear long-term vision and strong commitment to transforming itself from a family-owned enterprise into a publicly listed company that operates with greater transparency, accountability and sound corporate governance in line with regulatory requirements.

“CSX is proud to have become a financing platform that enables both private companies and state-owned enterprises with strong potential to raise capital for business expansion while enhancing their regional competitiveness,” he said.

Sok Hour added that CSX is working closely with the SERC to introduce new financial products. Over the next one to two years, the market is expected to launch a range of innovative investment products that will be more accessible, attractive and diversified, providing both individual and institutional investors with additional short- and long-term investment opportunities.

In his remarks, Heang described the company’s IPO roadshow as the culmination of nearly 26 years of hard work and sacrifice.

He said the first 25 years were spent laying the foundation for the business, while the next 30 years, from 2026 to 2056, will focus on expansion and long-term growth. He also thanked investors, partners and supporters for their trust and participation.

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