RedCloud Holdings Seals Joint Venture With Kayanat Holding for Saudi FMCG Market

Reuters

Oct 31

RedCloud Holdings Seals Joint Venture With Kayanat Holding for Saudi FMCG Market

RedCloud Holdings plc has entered into a landmark joint venture agreement with Kayanat Holding to launch RedCloud Arabia, targeting Saudi Arabia's $61 billion fast-moving consumer goods (FMCG) market. The agreement was formalized at a signing ceremony during the Future Investment Initiative (FII9) in Riyadh. The joint venture will deploy RedCloud's RedAI algorithmic trading platform to digitize and transform FMCG trade across the country, supporting Saudi Arabia's Vision 2030 and focusing on digital transformation and supply chain modernization. The targeted launch date for RedCloud Arabia is December 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redcloud Holdings plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9566212-en) on October 31, 2025, and is solely responsible for the information contained therein.

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