The Stock Exchange of Thailand (SET) will list Samart Aviation Solutions pcl, the sole air navigation service provider in Cambodia, on September 26 under the ticker symbol “SAV”. The company has a market capitalization at its initial public offering (IPO) of THB 12.16 billion (approx. USD 339.29 million).
SET Senior Executive Vice President Manpong Senanarong said that SAV will be listed and start trading on SET in the Services industry group, Transportation & Logistics sector.
SAV is a holding company under Samart Corporation pcl’s umbrella which owns 100 percent stake in Cambodia Air Traffic Service Co., Ltd. (CATS) founded and registered in Cambodia. CATS is the sole air navigation service provider in Cambodia under its 49-year-long concession contract (effective from 2002 to 2051), covering all airports and flight routes in the Cambodian sky. The three international airports are Phnom Penh Airport, Sihanoukville International Airport and Siem Reap International Airport as well as three domestic airports – Stung Treng Airport, Battambang Airport and Koh Kong Airport. The flight routes comprise 18 international routes and 20 domestic ones. It provides end-to-end services consisting of 1) air traffic management, 2) aeronautical communications, 3) aeronautical information service and 4) flight procedure design service to ensure air traffic at all airports and flight routes in Cambodian airspace is flexible, safe and efficient in compliance with safety standards from the International Civil…
SET welcomes Cambodia-based air navigation service provider “SAV” on Sept 26 – SET News
