RedCloud Holdings forms Saudi-Bahrain RedAI joint venture with MJM AlKhaleej

Bitget2026/09/30 12:16

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Redcloud Holdings entered a 51%-49% Saudi Arabia-Bahrain joint venture with MJM AlKhaleej to operate its RedAI trade infrastructure.
Venture to be incorporated in Saudi Arabia, headquartered in the Eastern Province; targets deployment and localization supported by MJM’s market access.
Separate 20-year licensing deal provides dedicated AI infrastructure, platform access, hosting, integration, managed services, subject to a 10% revenue-per-order fee cap.
Net profit distributions to follow the shareholders’ agreement and applicable law.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-045030), on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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RedCloud Holdings forms Saudi-Bahrain RedAI joint venture with MJM AlKhaleej

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