Perbadanan Nasional Berhad (PNS), formerly known as PERNAS, was incorporated in November 29, 1969. In September 1996, PERNAS was privatized through a 'management buyout' (MBO) in which its selected assets were taken over by Pernas International Holdings Berhad. As a result, a new acronym, PNS, was adopted.
PNS embarked on new commercial operation at its new premises located on the 9th Floor of Pusat Dagangan Dunia Putra, Kuala Lumpur with an authorized capital of RM 1 billion and a paid up capital of RM 751 million. The Minister of Finance Incorporated (MOF Inc.) is the majority shareholder.