SELAMAN SDN. BHD. is a private company founded in 1977 through a partnership between Yayasan Selangor and Syarikat Shahman Sdn. Bhd. In the year 1986, shares of Syarikat Shahman Sdn Bhd changed hands to Arab-Malaysian Development Berhad (AMDB) and increased its paid-up capital to RM20 million.
On the 20th of August 1988, Foreign Investment Committee approved the transfer of its shares owned by Yayasan Selangor to the Perbadanan Kemajuan Negeri Selangor (PKNS). The transfer of these shares increase the company’s paid-up capital by RM10 million making the grand total up to RM30 million, while the authorized capital amounted to RM40 million.
On the 16th of March 2011, AMDB sold its entire 40% share to PUNCAK EXOTIKA SDN. BHD.