RedCloud Holdings plc (NASDAQ:RCT) ("RedCloud" or "the Company"), the company building intelligent infrastructure for global trade, today announced the operational launch of the previously announced $30 million Saudi Arabia joint venture with Kayanat (the "JV"), who is authorized to operate the RedAI infrastructure within the Kingdom, pending incorporation of the formal JV entity, RedCloud Arabia. This anchors the Company's operational footprint in the Kingdom of Saudi Arabia through the deployment of RedAI infrastructure and associated products, with growing customer pipeline across the Kingdom's $68 billion FMCG market.

The JV launch includes recent sales activity and pipeline development on the ground and an Arabic language RedAI website showcasing the benefits of the product. A marketing campaign and webinar series is set to launch in the next few weeks, driving awareness and demand for RedAI. The Saudi operational footprint targets distributor, retailer, and FMCG brand counterparty pipeline development across the Eastern Province, Riyadh, Western Province, and broader Kingdom commercial corridors. RedCloud is operating with Kayanat under the executed five-year $30 million joint venture framework, structured at $6 million per year based on revenues generated through RedAI infrastructure within the Kingdom.

RAID (‘Realtime AI for Distribution') is RedAI's predictive intelligence engine, operating on Anthropic Claude foundation models (Haiku, Sonnet, Opus) through Model Context Protocol integration. RAID is trained on RedAI's proprietary FMCG transactional data foundation, comprising $6.9 billion in trading data collected and aggregated over the past four years of operation. RedAI Specialist Agents — including the Inventory Agent, Sales Agent, and Market Planning Agent previously announced by the Company — are designed to deliver semi-autonomous decisions across distributor, FMCG brand, and retailer environments. RedAI is positioned to operate alongside customer Enterprise Resource Planning environments as a predictive intelligence infrastructure complementing existing systems of record.

JV operations are aligned with the Kingdom of Saudi Arabia's Vision 2030 digitization pathway and the Kingdom's designation of 2026 as the Year of Artificial Intelligence. The Saudi operational footprint contributes to the non-oil productivity objectives of Vision 2030 through transfer of AI capability into Saudi commercial operations, scaling of predictive intelligence infrastructure across FMCG trade corridors, and development of Saudi technology talent in foundation model AI Agent deployment.

RedCloud and Kayanat are developing a pipeline of distributor, retailer, and FMCG brand counterparties across the Kingdom under the joint venture framework. Saudi commercial corridors, including the Eastern Province, Riyadh, and Western Province, provide substantive operational opportunities for RAID deployment across diverse FMCG trade flows. The Company expects to progress customer commercial close pipeline development across the second half of 2026.