RedCloud Signs Up to $30M Saudi Licensing Agreement to Deploy Its RAID Engine Across $68Bn FMCG Market
RedCloud Holdings plc - Ordinary Shares (RCT)
Company Research
Source: GlobeNewswire
London, 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
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RCT
Sec Filings
- 4/14/26 - Form 6-K
- 4/10/26 - Form 6-K
- 3/27/26 - Form EFFECT
- RCT's page on the SEC website