RedCloud signs five-year Saudi RAID licensing deal worth up to $30 million
PUBT · 1d ago
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- RedCloud signed a five-year licensing agreement of up to USD 30 million to deploy its RAID engine in Saudi Arabia.
- Contract is structured at USD 6 million per year, tied to RAID revenues generated in Saudi Arabia.
- Rollout targets Saudi Arabia’s USD 68 billion FMCG market, aiming to improve real-time supply chain visibility.
- Deal advances RedCloud’s joint venture strategy in region, combining local infrastructure with RAID’s AI-driven decision tools.
- Agreement follows RedCloud’s USD 50 million Türkiye joint venture announced in December 2025, taking contracted JV infrastructure revenue to up to USD 80 million.
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: 202604130815PRIMZONEFULLFEED9688393) on April 13, 2026, and is solely responsible for the information contained therein.
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