Grab Holdings Limited entered into an accelerated share repurchase agreement with JPMorgan Chase Bank, National Association for $250 million and a contingent forward purchase agreement with Morgan Stanley & Co. LLC for up to $150 million to repurchase up to $400 million of its Class A ordinary shares under its $500 million program authorized in February 2026. This demonstrates management's confidence in Grab's financial strength, robust balance sheet, and long-term growth trajectory.
Key takeaways
Entered ASR agreement with JPMorgan Chase Bank, National Association for $250 million repurchase of Class A ordinary shares, with initial delivery of approximately 54.9 million shares.
Entered CFP agreement with Morgan Stanley & Co. LLC for up to $150 million repurchase of Class A ordinary shares.
Transactions part of $500 million share repurchase program authorized by Board of Directors in February 2026, with $400 million deployment and $100 million remaining capacity.
ASR expected to complete by Q2 2026; CFP settlement scheduled in July 2026.
Gross cash liquidity of $7.4 billion and net cash liquidity of $5.4 billion as of December 31, 2025.