StocksMedium•15 October 2026•
1 min read
RedCloud Signs First Saudi AI Trade Contract Valued at $21 Million
Key Facts
1RedCloud Holdings signed a 24-month agreement with Khamis Arabia Trading Co. to deploy RedAI infrastructure in Saudi Arabia.
2Khamis Arabia will provide $21 million of trade data covering over 540,000 SKU-level transactions.
RedCloud Holdings signed a 24-month agreement with Khamis Arabia Trading Co. to deploy RedAI infrastructure in Saudi Arabia. GlobeNewswire reported that Khamis Arabia will provide $21 million of trade data covering over 540,000 SKU-level transactions as part of the engagement.
The agreement marks the first commercial close ahead of RedCloud's planned joint venture to operate AI trade infrastructure in Saudi Arabia and Bahrain. In equity markets, RCT closed at $0.106 on October 14, 2026, having traded between a day high of $0.1093 and a low of $0.099 on the same date.