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Holding Company
paab.se

Investments

3

Funds

2

About PAAB

PAAB consist of a group of company experienced people who actively contribute to strengthening business ideas and business plans for entrepreneurs as well as earnings and asset development for portfolio companies.v

Headquarters Location

Kungsgatan 41

Uppsala, 753 21,

Sweden

+46(0) 8 707 294 532

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Latest PAAB News

General : PAAB allocates RM1 bln annually for repair, upgrading works on water piping system

Jan 15, 2023

PAAB allocates RM1 bln annually for repair, upgrading works on water piping system PAAB chief executive officer Abdul Hadi Ali (right) 15/01/2023 05:12 PM PASIR GUDANG, Jan 15 (Bernama) -- Pengurusan Aset Air Bhd (PAAB) allocates about RM1 billion annually to carry out works to repair and upgrade the water piping system throughout Peninsular Malaysia, says its chief executive officer, Abdul Hadi Ali. He said the allocation would be channelled to state water supply companies according to their respective annual business plans. However, the states of Sabah, Sarawak and Terengganu do not come under PAAB's management, he added. "On average, the total annual allocation given out by PAAB is about RM1 billion. For pipe replacement works alone, there is an expenditure of RM600 million. "In Johor alone, about RM400 million was spent to replace pipes, whereas around RM200 million was spent in Kelantan,” he told reporters after officiating the national-level PAAB’s e-comics contest at Taman Scientex secondary school, here, today. Abdul Hadi said in addition to the pipe replacement initiative, some states are more focused on constructing new water treatment plants, and water tanks, and participating in non-revenue water reduction initiatives. He said this when asked about PAAB's annual expenditure to implement repair and upgrading works for the country's piping system. He added upgrading and repair works this year would be conducted in several states including Johor, Kelantan, Negeri Sembilan and Selangor. PAAB, a wholly-owned company of the Minister of Finance Incorporated, was established in 2006 and is regulated by the National Water Services Commission (SPAN) through the Water Services Industry Act 2006. It is to help the federal government realise the National Water Services Industry Restructuring Plan and is responsible for developing water assets in the peninsula with a competitive financing rate. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio

PAAB Investments

3 Investments

PAAB has made 3 investments. Their latest investment was in Flashe Gaming as part of their Seed VC on May 5, 2020.

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PAAB Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/9/2020

Seed VC

Flashe Gaming

$0.31M

Yes

2

6/12/2019

Seed VC

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$99M

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10

12/10/2016

Unattributed VC

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$99M

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10

Date

5/9/2020

6/12/2019

12/10/2016

Round

Seed VC

Seed VC

Unattributed VC

Company

Flashe Gaming

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Amount

$0.31M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

PAAB Fund History

2 Fund Histories

PAAB has 2 funds, including PAAB I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2007

PAAB I

Early-Stage Venture Capital

Closed

1

PAAB II

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10

Closing Date

12/31/2007

Fund

PAAB I

PAAB II

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

Sources

1

10

PAAB Team

3 Team Members

PAAB has 3 team members, including current Chief Executive Officer, Bjorn Berg.

Name

Work History

Title

Status

Bjorn Berg

Chief Executive Officer

Current

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Name

Bjorn Berg

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Work History

Title

Chief Executive Officer

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Status

Current

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