Grab (NASDAQ: GRAB) takes majority control of Indonesia’s Superbank

Rhea-AI Filing Summary

Grab Holdings Limited plans to consolidate Indonesian digital lender Superbank into its Financial Services segment. This follows the transfer of Singtel Alpha Investments’ shareholding in Superbank to GXS Bank, Grab’s digital banking subsidiary and joint venture with Singtel.

Upon completion of the transfer, currently expected in May 2026, Grab’s combined direct and indirect stake in Superbank will rise to over 50%, giving it majority ownership and requiring full financial consolidation. Grab also highlights extensive risk factors and cautions that these forward-looking statements are subject to significant uncertainties.

Insights

Equity research analyst

Grab gains majority control of Superbank, adding a consolidated banking asset in Indonesia.

Grab will own over 50% of Superbank through its digital bank joint venture, GXS Bank, and will consolidate Superbank’s results into its Financial Services segment. This deepens Grab’s push into Indonesian financial services alongside its core super-app operations.

Consolidation means Superbank’s revenue, expenses, assets, and liabilities will appear line by line in Grab’s financials, changing segment mix and reported metrics. Actual impact will depend on Superbank’s scale, asset quality, and growth trajectory, which are not quantified here.

Grab lists extensive risks, including successful consolidation and integration of Superbank, competitive pressures, regulatory complexity, funding needs, and its ongoing path toward profitability. These factors, along with macro conditions in Indonesia and other markets, will influence how this move ultimately affects Grab’s financial performance.

Key Figures

Form type: Form 6-K Superbank stake: >50% shareholding Expected completion: May 2026 +2 more

5 metrics

Form type Form 6-K Report of foreign private issuer under Exchange Act of 1934

Superbank stake >50% shareholding Grab combined direct and indirect ownership after transfer

Expected completion May 2026 Share transfer completion enabling consolidation of Superbank

Risk disclosure year 2025 Year ended December 31, 2025 referenced for risk factors

Safe harbor act year 1995 U.S. Private Securities Litigation Reform Act referenced

Key Terms

consolidate, Financial Services segment, forward-looking statements, safe harbor, +2 more

6 terms

consolidate financial

"Grab today announced that it will consolidate PT Super Bank Indonesia Tbk"

Financial Services segment financial

"Superbank's financial results will be consolidated into Grab's Financial Services segment"

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of the"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

safe harbor regulatory

"within the meaning of the “safe harbor” provisions of the U.S. Private Securities"

Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

risk factors regulatory

"risks and uncertainties described under “Item 3. Key Information – D. Risk Factors”"

Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.

digital banking subsidiary financial

"GXS Bank Pte. Ltd. ("GXS Bank"), Grab's digital banking subsidiary and joint venture"

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-41110

GRAB HOLDINGS LIMITED

3 Media Close, #01-03/06
Singapore 138498
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Incorporation by Reference

This Report on Form 6-K, including all exhibits hereto, shall be deemed to be incorporated by reference into the registration statements on Form F-3 (Registration Nos. 333-261949 and 333-264872) of Grab Holdings Limited (including any prospectuses forming a part of such registration statements) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

Exhibit			Description of Exhibit
99.1			Grab To Consolidate Superbank, Deepening Financial Services Commitment in Indonesia

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GRAB HOLDINGS LIMITED

By:

_/s/ Peter Oey__________

Date: May 20, 2026

Name: Peter Oey

Title: Chief Financial Officer

Exhibit 99.1

Grab To Consolidate Superbank, Deepening Financial Services Commitment in Indonesia

SINGAPORE, May 20, 2026 – Grab Holdings Limited (NASDAQ: GRAB) ("Grab") today announced that it will consolidate PT Super Bank Indonesia Tbk (IDX: SUPA) ("Superbank") following the transfer of Singtel Alpha Investments Pte. Ltd.'s shareholding in Superbank to GXS Bank Pte. Ltd. ("GXS Bank"), Grab's digital banking subsidiary and joint venture with Singtel. Upon completion of the transfer currently expected in May 2026, Grab's combined direct and indirect shareholding in Superbank will increase to over 50%, and Superbank's financial results will be consolidated into Grab's Financial Services segment.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this document, including but not limited to, statements regarding Grab's goals, targets, projections, guidances (or reaffirmation thereof), outlooks, beliefs, expectations, strategy and plans. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast” or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: Grab’s ability to successfully consolidate and integrate Superbank; Grab's ability to grow at the desired rate or scale and its ability to manage its growth; its ability to successfully execute its growth strategies; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic conditions, in particular as a result of currency exchange fluctuations and inflation; expected growth of markets in which Grab operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described under “Item 3. Key Information – D. Risk Factors” and in other sections of Grab's annual report on Form 20-F for the year ended December 31, 2025, as well as in other documents filed by Grab from time to time with the U.S. Securities and Exchange Commission (the “SEC”).

Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law.

FAQ

What did Grab Holdings (GRAB) announce about Superbank in Indonesia?

Grab announced it will consolidate Indonesian lender PT Super Bank Indonesia Tbk into its Financial Services segment. This follows a transfer of Superbank shares to GXS Bank, Grab’s digital bank joint venture with Singtel, giving Grab effective majority control of Superbank.

How will the Superbank transaction affect Grab’s ownership stake?

After completion of the share transfer to GXS Bank, Grab’s combined direct and indirect stake in Superbank will rise to over 50%. Crossing this majority threshold means Grab will control Superbank and fully consolidate its financial results into Grab’s Financial Services segment.

When is Grab expecting to complete the Superbank share transfer?

Grab states the share transfer that enables consolidation of Superbank is currently expected to complete in May 2026. Once completed, Superbank’s financial results will be included within Grab’s Financial Services segment, affecting how that segment is reported going forward.

Which Grab entity will hold the Superbank shares being transferred?

The Superbank shares are being transferred from Singtel Alpha Investments Pte. Ltd. to GXS Bank Pte. Ltd.. GXS Bank is Grab’s digital banking subsidiary and a joint venture with Singtel, and its ownership of Superbank underpins Grab’s majority economic interest.

How will Superbank appear in Grab’s financial reporting after consolidation?

Once consolidation begins, Superbank’s financial results will be reported within Grab’s Financial Services segment. This means Superbank’s revenues, expenses, assets, and liabilities will be included in Grab’s consolidated financial statements rather than only being reflected as an equity investment.

What risks does Grab highlight related to consolidating Superbank?

Grab notes risks around its ability to successfully consolidate and integrate Superbank, execute its broader growth strategies, manage intense competition, reduce net losses, raise capital, and navigate complex regulations. It emphasizes that these forward-looking statements involve uncertainties and may differ from actual outcomes.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 5.8 KB