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GlobeNewswire·

RedCloud’s First Saudi Customer Chooses RedAI for Predictive Trade Intelligence and Provides $21 Million of Live Trade Data

  • RedCloud Holdings plc signed its first Saudi Arabian customer, Khamis Arabia Trading Co., under a 24-month agreement starting June 2026.
  • The initial deployment involves $21 million of trade data across more than 540,000 SKU-level transactions from Khamis Arabia's records.
  • The agreement utilizes RedAI's core technologies: RAID for predictive intelligence & CORE for executing trading outcomes via RedAI Trading Networks.
  • RAID will benchmark Khamis Arabia's data against RedCloud's proprietary dataset representing over $8.4 billion in traded value.
  • The contract will be novated to a future joint venture operating RedAI infrastructure in Saudi Arabia & Bahrain once formed.
  • The partnership supports Saudi Arabia's Vision 2030 digitisation agenda & the Kingdom's 2026 Year of Artificial Intelligence designation.
  • RedCloud's infrastructure has processed over $8.4 billion in FMCG transactions between early 2023 & June 2026 across 100,000+ customers.