RedCloud Holdings plc and Kayanat Holding signed a joint venture agreement to launch RedCloud Arabia, a platform that will deploy RedCloud’s RedAI algorithmic infrastructure to digitize fast‑moving consumer goods trade in Saudi Arabia.
The joint venture targets the Saudi FMCG market, valued at approximately $61 billion, and aims to capture roughly 20% of that market, translating to about $12 billion in revenue potential. The launch is scheduled for December 2025.
RedCloud’s platform uses AI models trained on private B2B supply‑chain data rather than public internet data, and the company has partnerships with NVIDIA, AWS, and Snowflake to support deployment and scaling. RedCloud has already expanded into Nigeria, Brazil, and South Africa and reported more than doubling its customer base year‑over‑year in the first half of 2025.
The company, incorporated in 2024 and listed on the London Stock Exchange following its March 21, 2025 IPO, has seen revenue grow at an average of 134.8% per year but remains unprofitable. The joint venture aligns with Saudi Vision 2030’s focus on digital transformation and supply‑chain modernization.
The signing ceremony took place during the third day of the Future Investment Initiative (FII9) in Riyadh, a high‑profile platform for announcements aimed at positioning Saudi Arabia as a global technology hub.
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