RedCloud’s First Saudi Customer Chooses RedAI for Predictive Trade Intelligence and Provides $21 Million of Live Trade Data
Globe Newswire•15/10/2026•08:57 ET
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Key Highlights
- ➤Khamis Arabia signed initial 24-month RedAI agreement, RedCloud’s first Saudi commercial close
- ➤$21 million of customer trade data covers more than 540,000 SKU-level transactions
- ➤RAID will benchmark customer data against RedCloud’s proprietary dataset exceeding $8.4 billion
- ➤Agreement will be novated to the planned Saudi Arabia-Bahrain joint venture
- ➤CORE commercially launched in August 2026 for ordering, payments, inventory and trade execution
Expert Statements
Justin Floyd, Founder and Chief Executive Officer of RedCloud
“Khamis Arabia moves everyday goods across Riyadh and Dammam, against demand patterns that legacy ERP systems can record but not anticipate. RAID is built to tell our customers what is about to happen; CORE is the engine built to act on it. Any recommendation that a planner still has to key into separate systems by hand is not intelligence; it is administration. This is exactly the milestone we set out to reach, and the start of a relationship we expect to grow as Khamis Arabia expands into retail and new distribution models.”
Fairoos Muhammed, Chief Executive Officer of Khamis Arabia
“As a regional wholesaler serving trade customers across Riyadh and Dammam, anticipating demand accurately is central to how we operate. We anticipate that RedAI's predictive intelligence will give our teams a forward-looking view of the market that supports better inventory, sales and planning decisions. We are excited to be among the first businesses to adopt it in the Kingdom.”
First commercial close will provide initial local data for RAID and the previously announced joint venture to operate RedAI trade infrastructure in Saudi Arabia and Bahrain
LONDON and RIYADH, Oct. 15, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (Nasdaq: RCT) (“RedCloud” or the “Company”), which is building the AI prediction infrastructure for global FMCG trade, announced the signing of its first customer in Saudi Arabia, with RAID to deploy on $21 million of trade data across more than 540,000 SKU-level transactions drawn from the customer's own trading records.
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