RedCloud launches Saudi operations with $30M Kayanat joint venture

RedCloud Holdings plc (NASDAQ: RCT) announced the operational launch of its $30 million joint venture with Kayanat to deploy artificial intelligence infrastructure in Saudi Arabia's fast-moving consumer goods market.

The partnership, structured as RedCloud Arabia, targets the Kingdom's $68 billion FMCG market through a five-year framework generating $6 million annually based on revenues from RedAI infrastructure deployment. Operations will focus on distributor, retailer, and FMCG brand development across the Eastern Province, Riyadh, Western Province, and other commercial corridors.

RedCloud's RAID predictive intelligence system operates on Anthropic Claude foundation models and processes data from $6.9 billion in FMCG transactions collected over four years. The system includes AI agents for inventory management, sales, and market planning designed to work alongside existing enterprise resource planning systems.

"ERP systems were built to record what happened yesterday. RAID is designed to anticipate what is likely to happen next," said Justin Floyd, RedCloud's chief executive officer.

The initiative aligns with Saudi Arabia's Vision 2030 digitization program and the Kingdom's designation of 2026 as the Year of Artificial Intelligence. RedCloud expects to develop its customer pipeline during the second half of 2026.

Kayanat owner Majid Alghaslan noted the complexity of Saudi distribution patterns driven by events like Hajj, Umrah, and Riyadh Season. The joint venture has launched an Arabic-language website and plans marketing campaigns to promote RedAI services.

RedCloud operates across six markets with 1,000 distributors and 6,000 FMCG brands, processing $6.9 billion in trading volume since inception. The company builds intelligent infrastructure for global trade using AI-powered predictive analytics.

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