RedCloud Holdings plc announced on September 2, 2025, the signing of a Joint Venture with Kayanat, a family office in the Kingdom of Saudi Arabia (KSA). This partnership aims to transform Saudi Arabia’s estimated $60 billion market for Fast-Moving Consumer Goods (FMCG).
The collaboration aligns with Saudi Arabia’s Vision 2030 economic transformation goals, leveraging RedCloud’s AI-powered trading technology within the RedAI platform. This provides RedCloud with accelerated market entry and access to one of the fastest-growing markets in the Middle East and North Africa (MENA) region.
RedCloud Arabia, jointly owned by RedCloud Holdings plc and Kayanat, will be headquartered in Riyadh with offices in Dammam and Jeddah. Operations are planned to launch in the fourth quarter of 2025, initially deploying the RedAI trading platform, Red101 for retailers, and the TradeX bulk trading program.
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