Pengurusan Aset Air Berhad (PAAB) is a wholly owned company of the Minister of Finance Inc., incorporated on 5 May 2006 with the objective of being the holding company for the nation’s water assets. PAAB forms part of the Government’s efforts to restructure the water services industry in the country to achieve better efficiency and quality, as well as to ensure sustainability of the industry. Our main responsibility is to develop the nation’s water infrastructure in Peninsular Malaysia and the Federal Territory of Labuan, using competitive financing sourced and obtained from private financial market. The water assets are then leased to water operators licensed by the industry regulator, Suruhanjaya Perkhidmatan Air Negara (SPAN) for operations and maintenance.