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GlobeNewswire·

RedCloud at GITEX Dubai: Setting Sights on Saudi Launch, with AI Solution to $2Tn Problem

  • RedCloud Holdings plc ("RCT") CEO Justin Floyd & Saudi joint venture partner Majid Alghaslan attended GITEX 2025 in Dubai starting October 14, 2025, to advance the launch of RedCloud Arabia.
  • RedCloud aims to solve the estimated $2 trillion global inventory gap caused by supply chain inefficiencies that lead to empty shelves & stockpiles in the $14.6 trillion FMCG industry.
  • The company expects to meet partners & sponsors including NVIDIA, AWS, & Snowflake, alongside potential customers from Saudi Arabia & the Persian Gulf region.
  • RedCloud's mission aligns with GITEX's focus on AI & technology transforming infrastructure within the Middle East, a market estimated at $568 billion in 2025.
  • CEO Justin Floyd stated the Saudi entry provides a strategic beachhead for regional expansion, citing $2.5 billion in annualized platform Total Transaction Value (TTV).
  • Full-year 2024 revenue reached $46.5 million (135% year-over-year growth), while the first half of 2025 saw the active retailer base double to 68,089 customers (110% YoY) & the distributor network grow to 1,017 active customers (136% YoY).
  • RedCloud completed its $20 million Nasdaq IPO in March 2025, with analyst consensus maintaining a "Strong Buy" rating & a $5.00 price target.
  • RedCloud Arabia, a joint venture with Saudi private equity investor Kayanat, will be headquartered in Riyadh & plans to launch operations in Q4 2025.
  • Initial RedCloud Arabia services will include the RedAI trading platform, Red101 for retailers, & the TradeX bulk trading program.
  • The company trades 184,731 products from 6,765 FMCG brands across high-growth markets including Argentina, Brazil, Nigeria, & South Africa.