Riyadh - Sharikat Mubasher: MUHIDE, a Saudi-based company specializing in digitizing and governing buying and selling transactions, announced the successful closure of its series A funding round, led by Asyad Holding Group.

This investment will help MUHIDE expand its team and strengthen capabilities to accelerate its mission to build the Kingdom’s first unified trade ecosystem, setting a new benchmark for B2B commerce in the Kingdom, the company announced in a statement yesterday.

The new capital will drive MUHIDE’s strategic value, market expertise, and long-term partnerships. It also represents a significant milestone in the company's journey towards governing and authenticating B2B transactions, ultimately enhancing operational efficiency and risk management.

MUHIDE, owned and operated by RATL Technology, is the first Saudi trade ecosystem dedicated to authenticating and governing B2B trade transactions across the Kingdom. It aims to empower all stakeholders to achieve trade credibility while mitigating risks and preventing disputes.