Red Cat signs JV agreement with Kayanat Holding

RedCloud Holdings announced the outcome of the Future Investment Initiative in Riyadh, Saudi Arabia, where it held a formal signing ceremony to seal its landmark joint venture agreement with Kayanat Holding, and held more than one hundred meetings as part of preparations for Saudi launch. The formal signing ceremony, live on day three of the FII9 event, marked a pivotal milestone in RedCloud’s expansion into the Kingdom-aligning with Saudi Vision 2030 and the country’s strategic focus on digital transformation and supply chain modernization. The joint venture, RedCloud Arabia, will deploy RedAI’s algorithmic infrastructure to digitize and transform FMCG trade across the country. The Company and Kayanat held joint meetings with key players within the Saudi FMCG Industry supporting a targeted launch date of December 2025. RedCloud Arabia intends to focus on localizing RedAI’s capabilities to serve Saudi distributors, retailers, and manufacturers, enabling smarter purchasing decisions and addressing inventory shortfalls. The Company believes that traditional AI and LLMs train on public internet data, while RedCloud trains its models on private b2b supply chain data that can’t be accessed by the AI incumbents. The Company’s platform has already demonstrated success in high-growth markets such as Nigeria, Brazil, and South Africa, and is now poised to bring similar impact to the Middle East.