RCT · RedCloud Holdings plc

RedCloud Holdings plc has formalized a significant commercial arrangement with Kayanat Arabia Holding Company through a platform license and infrastructure usage agreement. This agreement, effective March 25, 2026, establishes a committed revenue stream of $6 million annually over a five-year term, resulting in a total contract value of $30 million. The structure of the Annual Commitment is bifurcated: a fixed enablement commitment of $2.2 million dedicated to localization and deployment activities in Saudi Arabia, and a platform services fee of $3.8 million tied to revenues generated by the Platform. This transaction builds upon the existing strategic relationship established under the Shareholders Agreement (JV Agreement) dated August 29, 2025. The agreement allows for revenue participation beyond the committed amounts, with excess revenues to be distributed between RedCloud and Kayanat pursuant to the terms of the JV Agreement. The inclusion of a renewal option for an additional five years suggests potential for long-term recurring revenue from this partnership. The deployment of the RedAI platform and RAID engine infrastructure in the Saudi market represents a strategic expansion of the Company's technology footprint.