RedCloud Secures First Saudi Customer for RedAI Platform


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RedCloud Secures First Saudi Customer, Providing $21 Million in Live Trade Data for RedAI
London and Riyadh, United Kingdom and Saudi Arabia - RedCloud Holdings plc (Nasdaq: RCT) announced the signing of its first customer in Saudi Arabia, with RAID to deploy on $21 million of trade data across more than 540,000 SKU-level transactions.
Khamis Arabia Trading Co., an independent FMCG wholesaler and cash-and-carry operator, will adopt the RedAI infrastructure under an initial 24-month agreement starting June 2026. The partnership marks the first commercial close ahead of the previously announced joint venture to operate RedAI trade infrastructure in Saudi Arabia and Bahrain.
Key Highlights
- First customer in Saudi Arabia deploying RedAI for predictive trade intelligence.
- Involves $21 million of trade data across more than 540,000 SKU-level transactions.
- Aligns with Saudi Arabia's Vision 2030 digitisation agenda and the Year of Artificial Intelligence.
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