Here’s how different the RNS is compared the 27th June 😮28 Aug 2025 07:44
Here how it’s different… very different:
Progress Narrative
• 27 Jun → “experiencing delays in closing” = defensive tone.
• 28 Aug → “terms determined, due diligence now proceeding” = proactive, suggests real traction.
Carve-Out Structure
• 27 Jun → “intention to incorporate” a holding company.
• 28 Aug → Confirmed Midkine Investments Ltd has been incorporated.
👉 Moves from plan → action.
Tone
• 27 Jun → Slightly apologetic (“frustrating”), focused on delay.
• 28 Aug → Optimistic (“encouraged by progress”), focused on investor quality and carve-out.
Investor Detail
• 27 Jun → Only said “high-profile investors in the UAE” — very vague, no clue how serious or big.
• 28 Aug → Names “institutional and sovereign wealth fund investors in the GCC”. That means the likes of Abu Dhabi Investment Authority (ADIA) — the 2nd biggest sovereign wealth fund in the world (~$1.0–1.4tn AUM).
👉 Big step up in credibility: we didn’t know before, now we do.