Corporate Information
Amanah Saham Nasional Berhad (ASNB) is a wholly owned unit trust management company of Permodalan Nasional Berhad (PNB), and has been serving Malaysian investors for more than 40 years.
As at 31 December 2025, ASNB manages 18 unit trust funds with a total fund value of approximately RM298.79 billion, and units in circulation of about 280 billion across more than 15 million accounts.
Financial Information
A summary of ASNB’s past financial performance for the last five financial years (2021–2025), based on audited accounts, is available on the ASNB website under Financial Information of ASNB.
Our Mandate
To enhance the economic wealth of Bumiputera and all Malaysians in support of national prosperity.
ASNB
Our Goal
To strengthen the financial position of Malaysians, across generations.
ASNB Timeline and Achievements
Establishment of ASNB (1979) as PNB’s unit trust management company, mandated to develop and manage unit trust funds for Malaysian investors. Digital transformation via myASNB, enabling online transactions, multi-factor security, and the ability to invest and track portfolios in a single app. Strengthening Shariah and governance frameworks at PNB Group level, including Maqasid-based initiatives and programmes focused on public trust and good conduct.
Units in Circulation
Unit Holder
Largest Unit Trust Management Company
Experience in the Investment Industry
The Manager of the funds is ASNB, a wholly-owned subsidiary of PNB. ASNB was established on 22 May 1979 and has been in the industry for more than forty (40) years. ASNB has a total of 18 funds with total value of funds of RM298.79 billion as at 31st December 2025.
Financial Information of ASNB
The following is the summary of the past performance of ASNB based on its audited accounts for the last five years from 2021 to 2025
(Year Ended 31 December):
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| Paid-up capital | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 |
| Shareholders’ Funds | 205,963 | 309,861 | 281,962 | 233,138 | 323,604 |
| Revenue | 1,066,566 | 1,087,930 | 857,918 | 902,245 | 1,287,501 |
| Pre-tax profit | 74,711 | 246,346 | 70,540 | 156,746 | 551,254 |
| Profit After Tax & Zakat | 46,102 | 177,899 | 48,824 | 109,535 | 407,412 |
Board of Directors
ASNB is led by a Board of Directors with extensive experience in investment, finance, and public sector management. The Board meets regularly to review performance and ensure that each fund’s objectives are being met. It is also responsible for setting the company’s policies and guidelines to drive the achievement of these objectives.
Chairman
YM Raja Tan Sri Dato’ Seri Arshad Raja Tun Uda
Non-Executive/Non-Independent
Chairman
YM Raja Tan Sri Dato’ Seri Arshad Raja Tun Uda
Non-Executive/Non-Independent
YM Raja Tan Sri Dato’ Seri Arshad Bin Raja Tun Uda was appointed on June 2, 2023, as the Group Chairman of Amanah Saham Nasional Berhad (ASNB), the subsidiary of Permodalan Nasional Berhad. He is also the Chairman and a member of the respective Investment Committees of the unit trust funds managed by ASNB. He is also the Group Chairman of Permodalan Nasional Berhad.
Presently, Raja Tan Sri Dato’ Seri Arshad is the Chairman of Bumi Armada Berhad. He is also the Chairman of Yayasan Raja Muda Selangor, Yayasan Amir, Yayasan Perpustakaan Raja Tun Uda, Yayasan TZA and a member of the Board of Trustees of Yayasan DayaDiri and Lembaga Zakat Selangor. He is also the Chancellor of Universiti Selangor. Formerly Raja Tan Sri Dato’ Seri Arshad was the Chairman of Ekuiti Nasional Berhad, Maxis Berhad, Icon Offshore Berhad, Danamodal Nasional berhad and a director of Khazanah Nasional Berhad.
He was formerly the Executive Chairman of PricewaterhouseCoopers (PwC) Malaysia, Chairman of the Leadership Team of PwC Asia 7 and a member of PwC Global IFS Board. He was also formerly the Chairman of the Malaysian Accounting Standards Board and a member of the Standards Advisory Council of the International Accounting Standards Board. His previous public appointments included being a member of the Securities Commission Malaysia, the Malaysian Communications and Multimedia Commission, the Investment Panel of the Employees Provident Fund and the Board of Trustees of the National Art Gallery.
Raja Tan Sri Dato’ Seri Arshad is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), and a member of the Malaysian Institute of Accountants (MIA) as well as the Malaysian Institute of Certified Public Accountants (MICPA), where he served on its Council for 24 years, three (3) years of which as its President
Members of The Investment Committees
The Investment Committees of the Funds are responsible for the following:
- To provide broad investment policies and guidelines for effective and efficient management of the
- Funds, incorporating good corporate governance and best practices in managing the Funds.
- To provide guidance in meeting the objectives of the Funds and ensure competitive returns to the Unit Holders.
- To approve investment plans and strategies for the short-term, Medium-term and Long-term horizons so as to enhance and maximise the value of the investment portfolio.
- To consider all matters deemed appropriate.
- On average, the respective Investment Committee meets once a month but may meet more frequently if necessary.
Members of the Investment Committee of the Unit Trust Funds Managed by ASNB:
- YM Raja Tan Sri Dato’ Seri Arshad Raja Tun Uda
Chairman, Non-Independent Member - YBhg. Dato’ Rizal Rickman Ramli
Non-Independent Member - YBhg. Datin Norazah binti Mohamed Razali
Independent Member - YBhg Tan Sri Dr. Nik Norzrul Thani Nik Hassan Thani
Independent Member - YBhg Dato’ Johan Ariffin
Independent Member - YBhg Dato’ Johan Ariffin
Independent Member
Corruption-Free Environment
ASNB is committed to the highest standards of openness, probity and accountability. In line with this commitment, ASNB expects those who have concerns about any suspected improper conduct within ASNB to come forward and voice those concerns. For more information, kindly refer to Important Notes on the Whistleblowing Policy of The PNB Group.
This CoBE is applicable to the Board of Directors, senior management, employees, stakeholders and business associates of PNB Group. They are required to perform and work with honesty and integrity at all times and must comply with this CoBE. For details of the CoBE, kindly click here.
This PNB Group ABC Policy Statement sets out the responsibilities of its Board of Directors, senior management, employees, stakeholders, as well as business associates with regard to observing and upholding its Bribery-Corruption Free Business Environment principle, which is part of its corruption prevention efforts. It also provides guidance and a broad set of standards that all of them, without exception, are required to comply with. For details of the PNB Group ABC Policy Statement, kindly click here.
This second installation of the OACP 2025-2028 signifies a continuous and integrated effort in our anti-corruption plan, standing as one of PNB Group's top-level commitments to preventing corruption. Approved by the Board of PNB on 3 December 2024, this document is grounded on the five T.R.U.S.T principles from the Malaysian Anti-Corruption Commission Act 2009. It guides our efforts to prevent corruption within PNB Group, aligning with 19 strategic objectives and 27 initiatives. This plan supports our commitment to maintaining Malaysians' trust and promoting integrity as part of the 12th (2021–2025) and 13th Malaysia Plan (2026–2030). This comprehensive plan is to be adopted and implemented by all internal stakeholders of PNB Group. For details on the OACP PNB Group, please click here.
Chief Integrity Officer
Compliance & Integrity Division,
Permodalan Nasional Berhad,
Tingkat 89, Menara Merdeka 118,
Presint Merdeka 118, 50118
Kuala Lumpur W.P. Kuala Lumpur
CIgO@pnb.com.my
603 - 2639 3797
Chairman of Board Compliance Committee
Permodalan Nasional Berhad,
Tingkat 91, Menara Merdeka 118,
Presint Merdeka 118, 50118
Kuala Lumpur W.P. Kuala Lumpur
BCC_Chairman@pnb.com.my