The efforts of Collectd, the debt collection company under Abdul Latif Jameel Enterprises, and MUHIDE, the leading platform for operational legal governance and documentation in inter-company commercial relationships, have come together through a strategic collaboration aimed at enhancing governance and improving the efficiency of debt collection, thereby supporting business sustainability and reducing financial risks for companies.
This collaboration is intended to provide added value to the clients of both parties. Collectd’s clients will be able to benefit from MUHIDE’s advanced digital documentation and governance solutions, while MUHIDE’s clients will have access to comprehensive collection services provided by Collectd’s extensive expertise, contributing to the protection of rights and the acceleration of companies’ cash flow cycles.
Commenting on the partnership, Eng. Faisal Alsamannoudi, Chairman of Abdul Latif Jameel Enterprises, stated: “This partnership between Collectd and MUHIDE reflects Abdul Latif Jameel Enterprises’ vision to build a digitally empowered economic ecosystem that supports sustainable business growth. By combining innovation in digital governance with deep-rooted expertise in debt recovery, we reinforce our leadership in delivering solutions that minimize risk and improving operational efficiency, in alignment with Saudi Arabia’s Vision 2030.”
For his part, H.E. Dr. Ghassan Alsulaiman, Chairmanof RATL Technologies, the owner of the MUHIDE platform, commented: “Our mission at MUHIDE is to build a national trade ecosystem for trade governance and authentication serving businesses today and individuals in the future. Partnering with Collectd is a strategic step that empowers our users to recover their rights confidently and efficiently, allowing them to focus on growing their businesses rather than chasing unpaid dues.”
MUHIDE’s platform offers a unified digital sales and purchase agreement, fully compliant with the Kingdom’s Electronic Transactions Law, signed electronically by authorized individuals and authenticated through the National Single Sign-On (NAFATH), ensuring the protection of all parties’ rights. The platform also includes a digital protocol for the delivery and receipt of contracted services, along with comprehensive audit records that enhance transparency and help clients safeguard their financial rights with confidence.
Collectd is distinguished by more than 25 years of experience in the Saudi market, supported by an extensive network covering all regions of the Kingdom. It operates under a “No Collection, No Fee” principle, committed to the highest standards of transparency and compliance. Collectd also places its clients’ interests at the forefront through specialized solutions that enhance cash flows and reduce risks in the shortest possible time.
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About Collectd:
Collectd is one of Abdul Latif Jameel Enterprises’ companies, specializing in debt recovery and accounts receivable management across sectors such as insurance, retail, and education. With a licensed team of professionals and a nationwide presence throughout Saudi Arabia, Collectd upholds the highest standards of professionalism, integrity, and advanced technology. Committed to exceptional service and transparency, the company actively supports Saudi Vision 2030 by fostering a sustainable economic environment.
About MUHIDE:
MUHIDE is a Saudi fintech platform and the first national trade ecosystem dedicated to authenticating and governing B2B trade transactions across the Kingdom. It safeguards the rights of all stakeholders in the trade ecosystem by providing legally compliant digital agreements in line with Saudi Arabia’s Electronic Transactions Law. MUHIDE also generates automated trade documents, transforming them into smart contracts powered by blockchain technology.
The platform offers tamper-proof evidentiary tools that ensure maximum protection for both buyers and sellers, significantly reducing risks and minimizing the likelihood of commercial disputes. MUHIDE also facilitates access to business financing through the largest local banks and NBFIs under preferential terms, empowering companies to grow with greater confidence and security.