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RedCloud signs first Saudi customer, deploying RedAI on $21M of trade data
RCTRedCloud Holdings plc
RedCloud Holdings plc announced the signing of its first commercial customer in Saudi Arabia, Khamis Arabia Trading Co. The agreement involves deploying RedCloud's AI prediction infrastructure, RedAI, to process $21 million of live trade data across more than 540,000 SKU-level transactions. This initial 24-month contract, effective from June 2026, precedes a previously announced joint venture to operate the technology in Saudi Arabia and Bahrain. The deployment utilizes RedCloud's proprietary datasets to provide predictive intelligence for FMCG trade operations.