Permodalan Nasional Berhad

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Permodalan Nasional Berhad (PNB)
Government-linked investment company
IndustryInvestment House
Founded17 March 1978
HeadquartersMenara PNB Jalan Tun Razak
Kuala Lumpur, Malaysia
Key people
Zeti Akhtar Aziz, Chairperson
Abdul Rahman Ahmad, CEO and President
Number of employees

Permodalan Nasional Berhad (PNB)[1] is a Malaysian government-linked investment company that was established on 17 March 1978 as one of the instruments of the Economic Policy (NEP) to re-engineer the economic imbalance in the Malaysia society. Yayasan Pelaburan Bumiputra (YPB) was set up earlier in January 1978 to formulate the policies and guidelines for Bumiputera equity investment participants. In order to implement its policies, YPB set up PNB as a wholly owned subsidiary. Today, PNB is one of Malaysia's largest fund management companies, which owns unit trust management companies namely, Amanah Saham Nasional Berhad (ASNB) and Amanah Mutual Berhad (AMB).

PNB has grown from strength to strength, with its assets under management (AUM) now reaching RM271 billion, from around RM3.5 billion in 1981. It is now the market leader in the Malaysian unit trust industry, with ASNB now managing more than 13 million accounts with almost 217 billion units in circulation (UIC). PNB has also enabled the sharing of corporate wealth with all Malaysians by delivering consistent, competitive returns over the years to its unit holders, with more than RM157 billion paid out since inception.

Today, PNB is a major investor in Bursa Malaysia, investing nearly 10% of the market capitalisation of the bourse, across most major Malaysian corporates and also actively contributing towards the nation's human capital development through scholarships and employment opportunities. The Company's STRIVE-15 Strategic Plan 2017–2022 is now in motion, as it advances towards attaining the vision of becoming a Distinctive World Class Investment House.


The company was founded on 17 March 1978 based on idea from Tengku Razaleigh Hamzah, as a pivotal instrument of the Government New Economic Policy to promote share ownership among the Bumiputera (Natives; lit: Son of the Soil), and to develop opportunities for deserving Bumiputera professionals to participate in the creation and management of wealth.

List of PNB chairmen
  1. Tun Ismail Mohd Ali (1978 – 1996)
  2. Tun Ahmad Sarji Abdul Hamid (1996 – 2016)
  3. Tan Sri Abdul Wahid Omar (2016 – 2018)
  4. Tan Sri Dr Zeti Akhtar Aziz (2018 – present)[2]
List of PNB CEOs
  1. Tan Sri Desa Pachi (1978 – 1979)
  2. Tan Sri Khalid Ibrahim (1979 – 1994)
  3. Dato' Hilmey Taib (1995 – 1997)
  4. Tan Sri Hamad Kama Piah Che Othman (1998 – 2016)
  5. Datuk Abdul Rahman bin Ahmad (2016 – 2019)

PNB Groups Companies[edit]

  • Amanah Saham Nasional Berhad (ASNB)[3]
  • Amanah Mutual Berhad (AMB)[4]
  • Pelaburan Hartanah Nasional Berhad (PHNB)[5]
  • Property Management Services Sdn Bhd (PMSSB)[5]
  • PNB Commercial Sdn Berhad (PNBC)[6]
  • PNB Development Sdn. Berhad (PNBD)[7]
  • PNB Merdeka Ventures Sdn Bhd (PNBMV)[8]
  • PNB Research Institute Sdn Bhd (PNBRi)

Portfolio companies[edit]

PNB's investee companies are involved in various sectors such as:

Strategic Companies

  • Maybank
  • Sime Darby Berhad
  • Sime Darby Plantation
  • Sime Darby Property
  • S P Setia Bhd Group
  • UMW Holdings
  • UMW Oil & Gas
  • CCM Berhad
  • MNRB Holdings Berhad

PNB Selected Core Companies

  • MMC Corporation Berhad
  • Telekom Malaysia
  • Sapura Energy Berhad
  • IJM Corporation Berhad
  • Axiata Group Berhad
  • Fraser & Neave Holdings Bhd
  • Gamuda Berhad
  • BIMB Holdings Berhad
  • Digi.Com Berhad
  • Tenaga Nasional Berhad
  • PETRONAS Dagangan Berhad
  • Maxis Berhad
  • RHB Bank Berhad
  • CIMB Group
  • PETRONAS Gas Berhad
  • IOI Corporation Berhad


  1. ^ "Permodalan Nasional Berhad".
  2. ^ "Zeti apppointed PNB group chairman, takes over from Wahid - Business News | The Star Online". Retrieved 16 July 2018.
  3. ^ "The official Facebook account for ASNB's promotional activities". Amanah Saham Nasional Berhad (ASNB).
  4. ^ "Amanah Mutual Berhad". Retrieved 22 July 2018.
  5. ^ a b "Amanah Harta Tanah PNB (AHP) - Main Page". AHP. 20 March 1989. Retrieved 22 July 2018.
  6. ^ "Archived copy". Archived from the original on 27 December 2017. Retrieved 27 December 2017.CS1 maint: archived copy as title (link)
  7. ^ "Archived copy". Archived from the original on 27 December 2017. Retrieved 27 December 2017.CS1 maint: archived copy as title (link)
  8. ^ "Projek Warisan Merdeka". Retrieved 22 July 2018.

External links[edit]