{"success":true,"data":{"pressRelease":{"id":"170407","rtpr_id":"nGNE5vy4V3-20261015","ticker":"RCT","exchange":"NASDAQ","all_tickers":["RCT"],"title":"RedCloud’s First Saudi Customer Chooses RedAI for Predictive Trade Intelligence and Provides $21 Million of Live Trade Data","author":"Globe Newswire","published_at":"2026-10-15T12:57:00.207Z","article_body":"First commercial close will provide initial local data for RAID and the\npreviously announced joint venture to operate RedAI trade infrastructure in\nSaudi Arabia and Bahrain\n\nLONDON and RIYADH, Oct. 15, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc\n(Nasdaq: RCT) (“RedCloud” or the “Company”), which is building the AI\nprediction infrastructure for global FMCG trade, announced the signing of its\nfirst customer in Saudi Arabia, with RAID to deploy on $21 million of trade\ndata across more than 540,000 SKU-level transactions drawn from the customer's\nown trading records.\n\nKhamis Arabia Trading Co. (“Khamis Arabia”), an independent FMCG\nwholesaler and cash-and-carry operator serving Saudi Arabia's Central (Riyadh)\nand Eastern (Dammam) regions, will adopt the RedAI infrastructure under an\ninitial 24-month agreement with the Company’s wholly-owned subsidiary,\nRedCloud Technologies Limited, starting from June 2026, marking the first\ncommercial close ahead of the Company's previously announced joint venture to\noperate RedAI trade infrastructure in Saudi Arabia and Bahrain.  The\nagreement will be novated to the joint venture when its formation is\ncompleted.\n\nAs part of the initial deployment, Khamis Arabia has provided a primary\ndataset drawn from its own trading records, covering $21 million of trades\nacross more than 540,000 SKU-level transactions. The dataset will be used to\ndramatically shorten the timeline in which insight, predictions and\nrecommendations can be derived.\n\nThe engagement pairs RedAI's two core technologies: RAID (Real-time AI for\nDistribution), providing predictive intelligence, and CORE (Compounding\nOperating and Runtime Engine), which delivers trading outcomes through RedAI\nTrading Networks. RAID is set to benchmark Khamis Arabia’s primary customer\ndata against RedCloud's proprietary FMCG transactional dataset representing\nmore than $8.4 billion in traded value. CORE, which launched commercially in\nAugust 2026, is built to place orders, process payments, and manage inventory\nand trade execution across RedCloud's networks. RAID anticipates the market;\nCORE acts on it.\n\nWhat Khamis Arabia is set to gain is a view of its market that its own records\ncould not produce. RedCloud's dataset spans categories and countries no\ngeneral-purpose model has been trained on, and that no single distributor\ncould assemble alone.\n\nThe deployment aligns with Saudi Arabia's Vision 2030 digitisation agenda and\nthe Kingdom's designation of 2026 as the Year of Artificial Intelligence,\nsupporting non-oil productivity and scaling predictive intelligence across\nSaudi FMCG trade corridors.\n\nJustin Floyd, Founder and Chief Executive Officer of RedCloud, said, “Khamis\nArabia moves everyday goods across Riyadh and Dammam, against demand patterns\nthat legacy ERP systems can record but not anticipate. RAID is built to tell\nour customers what is about to happen; CORE is the engine built to act on it.\nAny recommendation that a planner still has to key into separate systems by\nhand is not intelligence; it is administration. This is exactly the milestone\nwe set out to reach, and the start of a relationship we expect to grow as\nKhamis Arabia expands into retail and new distribution models.”\n\n“As a regional wholesaler serving trade customers across Riyadh and Dammam,\nanticipating demand accurately is central to how we operate,” said Fairoos\nMuhammed, Chief Executive Officer of Khamis Arabia. “We anticipate that\nRedAI's predictive intelligence will give our teams a forward-looking view of\nthe market that supports better inventory, sales and planning decisions. We\nare excited to be among the first businesses to adopt it in the Kingdom.”\n\nAbout RedCloud\n\nRedCloud Holdings plc (Nasdaq: RCT) builds AI infrastructure for the\nprediction of FMCG trade. More than $8.4 billion of FMCG transactions have\npassed through its infrastructure between early 2023 and June 2026, across\nmore than 100,000 customers and 6,700 brands. RedCloud uses this proprietary\ntransaction data to develop RAID (Real-time AI for Distribution), its\nprediction model for distribution, and deploys its infrastructure and\nassociated products (“RedAI”) either directly or through joint ventures\nwith partners who fund and operate local markets.\n\nRedCloud is a British company registered in London. Justin Floyd is its\nFounder and Chief Executive Officer. For more information, please visit\nwww.redcloudtechnology.com and connect on LinkedIn.\n\nForward-Looking Statements\n\nThe information in this press release may include forward-looking statements\nwithin the meaning of the federal securities laws. These statements include,\nwithout limitation, statements regarding the deployment and operational\nactivation of RAID and CORE with Khamis Arabia and the successful development\nand implementation of RAID in Saudi Arabia. Words such as “expect,”\n“project,” “estimate,” “believe,” “anticipate,” “intend,”\n“plan,” “seek,” “forecast,” “target,” “predict,”\n“may,” “should,” “would,” “could,” and “will,” the\nnegative of these terms and similar expressions are intended to identify\nforward-looking statements. Forward-looking statements are based on\nmanagement’s current expectations and assumptions, and are subject to\ninherent uncertainties, risks and changes in circumstances that are difficult\nto predict, including, but not limited to, the Company’s ability to build a\ntransformational infrastructure for global trade and whether such\ninfrastructure will successfully provide value to all supply chains, the\nability to successfully implement RedAI into existing enterprise systems\nwithin Saudi Arabia, the ability to provide predictive intelligence to\nsuccessfully anticipate trends in the Saudi Arabia market and the ability to\nscale the framework and generate revenues. As a result, actual results could\ndiffer materially from those indicated in these forward-looking statements.\nWhen considering these forward-looking statements, you should keep in mind the\nrisk factors and other cautionary statements described in “Cautionary Note\nRegarding Forward-Looking Statements,” “Item 3. Key Information – D.\nRisk Factors” and “Item 5. Operating and Financial Review and Prospects”\nin RedCloud’s most recent Annual Report on Form 20-F filed with the\nSecurities and Exchange Commission, as well as the Company’s periodic\nreports and other filings with the Securities and Exchange Commission.\nRedCloud undertakes no obligation to update or revise these forward-looking\nstatements except as required by law.\n\nContacts\n\nInvestor Relations\ninvestor.relations@redcloudtechnology.com\n\nMedia Relations\nmedia@redcloudtechnology.com","article_body_html":"","raw_payload":{"data":{"id":"nGNE5vy4V3-20261015","title":"RedCloud’s First Saudi Customer Chooses RedAI for Predictive Trade Intelligence and Provides $21 Million of Live Trade Data","author":"Globe Newswire","ticker":"RCT","created":"2026-10-15T12:57:00.207Z","tickers":["RCT"],"exchange":"NASDAQ","article_body":"First commercial close will provide initial local data for RAID and the\npreviously announced joint venture to operate RedAI trade infrastructure in\nSaudi Arabia and Bahrain\n\nLONDON and RIYADH, Oct. 15, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc\n(Nasdaq: RCT) (“RedCloud” or the “Company”), which is building the AI\nprediction infrastructure for global FMCG trade, announced the signing of its\nfirst customer in Saudi Arabia, with RAID to deploy on $21 million of trade\ndata across more than 540,000 SKU-level transactions drawn from the customer's\nown trading records.\n\nKhamis Arabia Trading Co. (“Khamis Arabia”), an independent FMCG\nwholesaler and cash-and-carry operator serving Saudi Arabia's Central (Riyadh)\nand Eastern (Dammam) regions, will adopt the RedAI infrastructure under an\ninitial 24-month agreement with the Company’s wholly-owned subsidiary,\nRedCloud Technologies Limited, starting from June 2026, marking the first\ncommercial close ahead of the Company's previously announced joint venture to\noperate RedAI trade infrastructure in Saudi Arabia and Bahrain.  The\nagreement will be novated to the joint venture when its formation is\ncompleted.\n\nAs part of the initial deployment, Khamis Arabia has provided a primary\ndataset drawn from its own trading records, covering $21 million of trades\nacross more than 540,000 SKU-level transactions. The dataset will be used to\ndramatically shorten the timeline in which insight, predictions and\nrecommendations can be derived.\n\nThe engagement pairs RedAI's two core technologies: RAID (Real-time AI for\nDistribution), providing predictive intelligence, and CORE (Compounding\nOperating and Runtime Engine), which delivers trading outcomes through RedAI\nTrading Networks. RAID is set to benchmark Khamis Arabia’s primary customer\ndata against RedCloud's proprietary FMCG transactional dataset representing\nmore than $8.4 billion in traded value. CORE, which launched commercially in\nAugust 2026, is built to place orders, process payments, and manage inventory\nand trade execution across RedCloud's networks. RAID anticipates the market;\nCORE acts on it.\n\nWhat Khamis Arabia is set to gain is a view of its market that its own records\ncould not produce. RedCloud's dataset spans categories and countries no\ngeneral-purpose model has been trained on, and that no single distributor\ncould assemble alone.\n\nThe deployment aligns with Saudi Arabia's Vision 2030 digitisation agenda and\nthe Kingdom's designation of 2026 as the Year of Artificial Intelligence,\nsupporting non-oil productivity and scaling predictive intelligence across\nSaudi FMCG trade corridors.\n\nJustin Floyd, Founder and Chief Executive Officer of RedCloud, said, “Khamis\nArabia moves everyday goods across Riyadh and Dammam, against demand patterns\nthat legacy ERP systems can record but not anticipate. RAID is built to tell\nour customers what is about to happen; CORE is the engine built to act on it.\nAny recommendation that a planner still has to key into separate systems by\nhand is not intelligence; it is administration. This is exactly the milestone\nwe set out to reach, and the start of a relationship we expect to grow as\nKhamis Arabia expands into retail and new distribution models.”\n\n“As a regional wholesaler serving trade customers across Riyadh and Dammam,\nanticipating demand accurately is central to how we operate,” said Fairoos\nMuhammed, Chief Executive Officer of Khamis Arabia. “We anticipate that\nRedAI's predictive intelligence will give our teams a forward-looking view of\nthe market that supports better inventory, sales and planning decisions. We\nare excited to be among the first businesses to adopt it in the Kingdom.”\n\nAbout RedCloud\n\nRedCloud Holdings plc (Nasdaq: RCT) builds AI infrastructure for the\nprediction of FMCG trade. More than $8.4 billion of FMCG transactions have\npassed through its infrastructure between early 2023 and June 2026, across\nmore than 100,000 customers and 6,700 brands. RedCloud uses this proprietary\ntransaction data to develop RAID (Real-time AI for Distribution), its\nprediction model for distribution, and deploys its infrastructure and\nassociated products (“RedAI”) either directly or through joint ventures\nwith partners who fund and operate local markets.\n\nRedCloud is a British company registered in London. Justin Floyd is its\nFounder and Chief Executive Officer. For more information, please visit\nwww.redcloudtechnology.com and connect on LinkedIn.\n\nForward-Looking Statements\n\nThe information in this press release may include forward-looking statements\nwithin the meaning of the federal securities laws. These statements include,\nwithout limitation, statements regarding the deployment and operational\nactivation of RAID and CORE with Khamis Arabia and the successful development\nand implementation of RAID in Saudi Arabia. Words such as “expect,”\n“project,” “estimate,” “believe,” “anticipate,” “intend,”\n“plan,” “seek,” “forecast,” “target,” “predict,”\n“may,” “should,” “would,” “could,” and “will,” the\nnegative of these terms and similar expressions are intended to identify\nforward-looking statements. Forward-looking statements are based on\nmanagement’s current expectations and assumptions, and are subject to\ninherent uncertainties, risks and changes in circumstances that are difficult\nto predict, including, but not limited to, the Company’s ability to build a\ntransformational infrastructure for global trade and whether such\ninfrastructure will successfully provide value to all supply chains, the\nability to successfully implement RedAI into existing enterprise systems\nwithin Saudi Arabia, the ability to provide predictive intelligence to\nsuccessfully anticipate trends in the Saudi Arabia market and the ability to\nscale the framework and generate revenues. As a result, actual results could\ndiffer materially from those indicated in these forward-looking statements.\nWhen considering these forward-looking statements, you should keep in mind the\nrisk factors and other cautionary statements described in “Cautionary Note\nRegarding Forward-Looking Statements,” “Item 3. Key Information – D.\nRisk Factors” and “Item 5. Operating and Financial Review and Prospects”\nin RedCloud’s most recent Annual Report on Form 20-F filed with the\nSecurities and Exchange Commission, as well as the Company’s periodic\nreports and other filings with the Securities and Exchange Commission.\nRedCloud undertakes no obligation to update or revise these forward-looking\nstatements except as required by law.\n\nContacts\n\nInvestor Relations\ninvestor.relations@redcloudtechnology.com\n\nMedia Relations\nmedia@redcloudtechnology.com"},"type":"article","timestamp":"2026-10-15T12:57:00.304979323Z","server_sent_at_ms":1792069020304},"received_at":"2026-10-15T12:57:00.355Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}