Business · Companies · 55 mins ago
Aramco takes 49% stake in Saudi AI company Humain
An Aramco subsidiary has acquired 49% of Humain, a Saudi artificial intelligence company, while the Public Investment Fund keeps a 51% stake.
Humain was launched in May 2025 and is developing data centres, computing infrastructure, cloud services and AI models.
Aramco plans to contribute about 9.9 billion riyals in 2026 and transfer key AI, computing and digital technology assets to Humain.
The company aims to build an AI business covering both the infrastructure that powers AI and the services that use it.
Humain plans to reach 3 gigawatts of AI data-centre capacity by 2030, as demand for computing grows in Saudi Arabia and worldwide.
Aramco expects to use Humain’s infrastructure and services in industrial applications, while the two shareholders will oversee its expansion.
Aramco has completed a deal to acquire a 49% stake in Saudi AI company Humain.
The deal includes cash contributions of about 9.9 billion riyals ($2.6 billion) during 2026 and the transfer of AI, computing and digital technology assets.
Saudi Arabia’s Public Investment Fund will retain a 51% majority stake in Humain.
The two shareholders are expected to oversee Humain’s growth plans and expansion into regional and global markets.
Humain aims to develop AI data centres with capacity of up to 3 gigawatts by 2030.
- Who
- Aramco acquired a 49% stake in Humain. The Public Investment Fund retains 51%.
- What
- Aramco completed the acquisition through a wholly owned subsidiary, alongside cash contributions and transfers of technology assets.
- When
- The deal was announced as completed on November 1, 2026. Aramco’s cash contributions are due during 2026.
- Where
- Saudi Arabia.
- Why
- The partnership aims to accelerate Humain’s growth and expand its AI business. It also brings AI assets from Aramco and the fund together under Humain.
This story does not have two clearly opposing sides.
The Public Investment Fund launched Humain to develop an integrated AI business.
The fund and Aramco announced a non-binding term sheet paving the way for Aramco to acquire a minority stake in Humain.
Aramco and the fund announced completion of the deal for Aramco to acquire a 49% stake.
- Aramco stake
- 49%
- Public Investment Fund stake
- 51%
- Cash contributions
- About 9.9 billion riyals ($2.6 billion) during 2026
- Data centre target
- Up to 3 gigawatts by 2030
- Humain launch
- May 2025
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What people are saying
The value the company has achieved from using technology since 2023 reached 42.4 billion riyals, a large part of it from technology solutions, particularly artificial intelligence.
The partnership with the Public Investment Fund strengthens Aramco’s position in technology and artificial intelligence, lays the foundation for localising this industry, and supports the faster, more integrated and scalable use of AI systems.
Bringing together the fund’s and Aramco’s AI assets under Humain will help strengthen innovation, develop national talent and intellectual property, and expand partnership opportunities with the private sector.