Joint VentureSep 30, 2026, 08:21 AM
RedCloud Forms JV with MJM for RedAI in Saudi Arabia & Bahrain
AI Summary
RedCloud Holdings plc announced the formation of a joint venture with MJM AlKhaleej L.L.C. to operate RedCloud's RedAI intelligent trade infrastructure in Saudi Arabia and Bahrain. The JV Agreement establishes a 51%/49% ownership split between RedCloud UK and MJM, respectively. A twenty-year licensing agreement will provide MJM with access to RedAI infrastructure and services, with charges capped at 10% of eligible revenue. The JV is expected to combine RedCloud's technology with MJM's market access and relationships.
Key Highlights
- RedCloud Holdings plc and MJM AlKhaleej L.L.C. establish a joint venture for RedAI in Saudi Arabia and Bahrain.
- The JV will operate RedCloud's RedAI intelligent trade infrastructure.
- Ownership structure is 51% RedCloud UK and 49% MJM.
- The JV Agreement includes a twenty-year platform license and infrastructure usage agreement.
- Licensing Agreement charges are capped at 10% of eligible collected revenue per customer order.
Price Impact
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