Mergers & Acquisitions ·
RedCloud Holdings forms joint venture with MJM AlKhaleej to expand into Saudi Arabia and Bahrain
RCTRedCloud Holdings plc
On September 27, 2026, RedCloud Holdings plc and its subsidiary entered into agreements with MJM AlKhaleej L.L.C. to establish a joint venture operating in Saudi Arabia and Bahrain. The entity will feature a 51% ownership stake for RedCloud UK and 49% for MJM, combining RedCloud’s RedAI intelligent trade infrastructure with MJM’s market access. Under the licensing agreement, RedCloud provides AI infrastructure and services for up to twenty years, capped at 10% of eligible collected revenue per customer order. This strategic partnership expands the company's international footprint in the Middle East. The company operates in the technology sector, providing intelligent trade infrastructure and AI solutions.