MUHIDE closes Series A round with support from Asyad Group
News • February 4, 2026
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Saudi Arabia-based fintech MUHIDE has closed a Series A funding round with Asyad Group for an undisclosed amount. Founded in 2023 by Hashim Alhussaini, MUHIDE is dedicated to authenticating and managing B2B trade transactions. MUHIDE is working to build Saudi Arabia’s first unified trade ecosystem and aims to establish a new benchmark for B2B commerce in the Kingdom.
press release:
MUHIDE has closed its Series A investment round with Asyad Group at a significant valuation, marking a significant milestone in the company’s growth and mission to modernize B2B trading in Saudi Arabia.
This investment supports MUHIDE’s vision to manage and authenticate B2B transactions across the trade ecosystem, improving operational efficiency, transparency, and risk management for companies operating at scale.
Ashad Group, a Saudi conglomerate with a long-standing presence in equities, real estate and investments, has joined MUHIDE as a strategic partner. Beyond capital, this partnership brings market expertise, institutional credibility and long-term collaboration to support MUHIDE’s next phase of growth.
The new funding will be used to expand MUHIDE’s team, enhance platform capabilities, and accelerate progress towards its core goal of building Saudi Arabia’s first unified trade ecosystem and setting a new standard for B2B commerce in the Kingdom.
