RATL Technology
Saudi technology company that owns and operates MUHIDE, a platform that digitises and governs business-to-business trade transactions, and partner of Al Rajhi Bank for SME trade financing.
Industry: B2B trade platform operator | Location: Saudi Arabia | Founded: 2015
About RATL Technology
RATL Technology Ltd is a technology company in Saudi Arabia that owns and operates MUHIDE, a platform for digitising and governing business-to-business trade transactions. MUHIDE's website says it is owned and operated by RATL Technology Ltd, and Arab News and Mubasher have reported the same. The company's public profile is limited to this platform. No separate corporate website was found.
Hashim Al-Hussaini was named as chief executive of RATL Technology Ltd by Arab News in February 2025, and Wamda named Hashim Alhussaini as founder of MUHIDE, which it said was founded in 2023. Bridge Middle East describes him as chief executive of MUHIDE, says the business evolved from MoniMove Limited, a company founded in London in 2018, and says it was officially launched in Saudi Arabia in 2025. The same profile credits him with nearly two decades of experience in banking, trade finance and business leadership in the Gulf.
MUHIDE aims to authenticate and oversee transactions between buyers, sellers and financiers, with the stated purpose of reducing commercial and financial disputes and protecting sellers' payment rights and buyers' delivery rights. Arab News reported that it launched under the sponsorship of Sharakah, a programme of Thiqah. Its website gives an office on King Abdulaziz Road in Jeddah and says it uses the Nafath and Wathq services to sign agreements digitally.
In February 2025 Al Rajhi Bank announced a strategic partnership with RATL Technology to offer small and medium-sized businesses digital trade tools and financing. Under it, Al Rajhi provides a blockchain-enabled solution through which businesses can manage trade transactions and obtain financing against payables and receivables.
In February 2026 MUHIDE announced that it had closed a Series A round led by Asyad Holding Group. The amount was not disclosed, and the company described the valuation only as significant. The funds are meant to expand the team, strengthen the technology and add integrations with trade credit insurance and financing partners. No funding, revenue or headcount has been reported for RATL Technology itself.
Leadership
- Hashim Alhussaini, Chief Executive Officer