Our funding partner for the Saudi deal was VCI Global, through their wholly owned subsidiary VCCG.
VCI announced to the market on the 15th of January that on the 30th of December 2024 that they would be carving out the subsidiary VCCG for a potential listing on the NASDAQ, due April 2025.
The timing of this change, lines up very closely to when we thought we had a deal with the Saudi's and now we 'don't'.
There has been no further announcements out of VCCG, since this announcement and it appears everything is on hold with this subsidiary until the carveout is complete.
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