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RedCloud Signs Up to $30M Saudi Licensing Agreement to Deploy Its RAID Engine Across $68Bn FMCG Market
Five-year agreement accelerates RedCloud’s capital-light global expansion and positions RAID at the centre of Saudi supply chain transformation London, UK,
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[{"type":"text","content":"Five-year agreement accelerates RedCloud’s capital-light global expansion and positions RAID at the centre of Saudi supply chain transformation\nLondon, UK, April 13, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (Nasdaq: RCT) (“RedCloud” or the “Company”), the company building intelligent infrastructure for global trade, has signed a five-year licensing agreement up to $30 million, to deploy its RAID (Realtime AI for Distribution) engine in the Kingdom of Saudi Arabia, targeting one of the world’s most critical and complex FMCG markets at a time when global supply chains are under increasing pressure from fragmentation, volatility, and shifting trade flows. Structured at $6 million per year, based on revenues generated by RAID within Saudi Arabia, the agreement supports the development and rollout of RAID across Saudi Arabia’s $68 billion FMCG market1, targeting systemic inefficiencies in how goods are bought, distributed, and sold. Saudi Arabia represents one of the most dynamic and structurally complex FMCG markets globally, where fragmented supply chains and limited real-time visibility continue to distort demand and inventory. RedCloud estimates this has created a nearly $9.4 billion inventory imbalance across the Kingdom2, driven not by lack of data, but by the inability to act on it at speed and scale. This agreement will operationalize RedCloud’s joint venture strategy in the region, aiming to combine local market infrastructure with RAID's developing AI-driven intelligence layer to enable real-time, data-led decision-making across supply chains. The partnership is aligned with Saudi Arabia’s Vision 2030 agenda, supporting the development of a more efficient, digitally enabled, and self-sustaining economy. By embedding intelligent infrastructure into the flow of goods, RedCloud enables faster, more predictable trade, improved product availability, and stronger economic participation across manufacturers, distributors, and retailers. This marks RedCloud’s second major licensing agreement following its $50 million Türkiye joint venture announced in December 2025, reinforcing the Company’s capital-light model for scaling globally through strategic regional partnerships. RedCloud’s combined contracted JV infrastructure revenue now stands at up to $80 million. Justin Floyd, CEO and Co-Founder of RedCloud, said, \"Global supp...