Grab Celebrates Public Listing Milestone with Employees and Partners in First-Ever NASDAQ Opening Bell Ceremony in Southeast Asia

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December 3, 2021

Grab Celebrates Public Listing Milestone with Employees and Partners in First-Ever NASDAQ Opening Bell Ceremony in Southeast Asia

Grab employees and partner communities across Southeast Asia featured on the Nasdaq Tower in Times Square, New York City, after Grab officially lists on Nasdaq.

December 2, 2021 – Grab Holdings Limited (Nasdaq: GRAB) (“Grab”), a leading superapp in Southeast Asia, celebrates its milestone public listing with Grab employees, driver-, delivery- and merchant-partners in Nasdaq’s first-ever opening bell ceremony hosted in the region.

Anthony Tan and Tan Hooi Ling, co-founders of Grab, were joined onstage in Singapore during the opening bell ceremony by representatives of the Grab driver-, delivery- and merchant-partner communities, who were on the frontlines transporting people, preparing as well as delivering food and essential goods, especially during critical stay-home pandemic periods. These Grab partners have tapped on the Grab platform to better leverage digital services to earn livelihoods and grow their businesses.

Grab employees also attended the event, including many of those who have been with the company for over six years (internally known as a ‘Grabversaurus’). The ‘Grabversauruses’ joined the company when it was only offering ride-hailing services and operating in less than 30 cities, and have contributed to the company’s growth into a superapp that is now available in 465 cities. In recognition of the collective effort and continued partnership of the Grab community to reach this milestone, about 1,500 Grab employees, as well as representatives from Grab’s partner communities, from across Southeast Asia are being featured on the Nasdaq Tower in Times Square, New York City, after Grab is officially listed on Nasdaq.

Anthony Tan, Group CEO and Co-founder, Grab, said, “It’s important to us not to lose sight of what this was all built on. The heart and hard work of our Grabbers to serve our partners, and in turn, the dedication of our partners towards serving their customers. That’s why we chose to hold the ceremony close to home. To be here, amongst our community, sharing the moment with them as we cross the threshold into a new chapter of our journey”.

Congratulatory quotes from Grab partners

Zalilah bt Ismail, Owner of Ilahzy Enterprise, GrabMart vegetable merchant said “GrabMart is the first time I’ve ever included my business on an online sales platform or delivery service as a traditional wet market hawker. Being on Grab has given me the opportunity to expand my consumer base and reach more folks who might not be familiar with my stall, especially during the pandemic, and I am thankful for that. I’m happy to be a part of the Grab family and this milestone as it goes public today, and I hope more traditional businesses will be open to technology through homegrown companies such as Grab, to help them perform better.”

Muhammad Hassan, a PWD GrabFood delivery-partner said “I’m thankful to Grab because through the opportunities they have provided, even with my disability. I am able to help my family financially for the first time, and I was also able to save up my earnings to be able to get married. Apart from that I can honestly say that working on the platform has upgraded not only my own but my family’s lifestyle as well. This really wouldn’t have been possible without the help of Grab and their efforts to support the PWD community. For this I am very proud to be a part of this homegrown platform which has helped me be financially independent.”

Grab also received congratulatory messages from its industry partners.

Rafiza, Ghazali, Chief Executive Officer, Cradle Fund:

“Cradle Fund Sdn Bhd (Cradle), being the Malaysian government funding agency that backed GRAB (previously known as MyTeksi) in its early years, wishes to congratulate GRAB, on its successful listing on NASDAQ. We are proud to witness Grab as the first of our alumni to reach the global stage.

GRAB’s commitment and success is an entrepreneurship story that should be told to everyone. Your journey is an inspiring story, for Malaysian high-calibre technology-based startups to scale and grow globally. We believe your success will inspire the rest to think BIG, and continue to be a role model to the rest of the startups in Malaysia.

Coming together is the beginning, keeping together is progress, and working together will bring more success. We look forward to continuing to create and build on an ecosystem that supports a strong and innovative business-building environment for technology entrepreneurs and innovators, in line with our credo, Creating Leading Startups!”

Ts Mahadhir Aziz, Chief Executive Officer, Malaysian Digital Economy Corporation (MDEC):

“Made in Malaysia, grew up in Southeast Asia and now taking on the world, Grab’s listing on NASDAQ is indeed a moment of immense pride for technology companies in this region and will serve as inspiration for our thriving and vibrant startup and scaleup industry.

Grab has been an invaluable partner in our drive to push the digital economy needle forward, providing support and cooperation in catalysing the growth of communities and businesses in Malaysia.

Grab’s achievement stands as a testament that our local Malaysian technology startups and scaleups have got what it takes and MDEC will give it all it has got, to ensure that they succeed. I would like to congratulate Grab on this momentous occasion, putting Malaysia and SEA on the map, driving attention and interest to our region’s fast-emerging digital economy.

Well done, Grab, and all the very best!”

Dzuleira Abu Bakar, Chief Executive Officer, Technology Park Malaysia:

“We have seen the tremendous and inspiring journey and growth of Grab within Malaysia and the region. To see Grab being listed on NASDAQ is a milestone that made us all in Malaysia proud. The partnership between Grab and MaGIC with TPM, now a merged agency called MRANTI, was cultivated and nurtured over the years and has inspired many to pursue their entrepreneurial journey.

We are proud of our fellow partner who has played an important role in building the tech ecosystem in the region to be taking their next step amongst the giants in NASDAQ. With this milestone in mind, we know that Grab will make an even larger impact in Southeast Asia and the global landscape.

This achievement further motivates us to strengthen the foundation rooted in technology and innovation elevating Malaysians to the global stage. We hope that Grab will inspire even more startup founders to persevere in taking ideas to impact. We look forward to an even more fruitful partnership between MRANTI and Grab.”

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