Riyadh - Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) and Aramco closed a transaction in which Aramco acquires a 49% stake in HUMAIN, through a wholly owned subsidiary, with PIF retaining 51% ownership.
The transaction includes around SAR 9.9 billion (approximately $2.6 billion) in cash contributions in 2026 from Aramco to HUMAIN, in addition to AI, compute, and digital assets, Aramco revealed in a statement today.
The deal will accelerate HUMAIN’s strategy to build a globally competitive, integrated AI ecosystem spanning the full stack: from data centers and high-performance compute to advanced models, applications, and industry solutions.
The acquisition will also support HUMAIN’s plans to develop data center capacity by 2030 and deliver solutions that help the public and private sectors to deploy AI at scale.
PIF’s partnership with Aramco in HUMAIN aligns with the PIF 2026-2030 strategy that aims to deepen integration across economic ecosystems, expand opportunities with the private sector, and accelerate the growth of national companies into globally competitive leaders.
Aramco will leverage HUMAIN’s AI infrastructure to transform advanced AI capabilities into industrial applications, further enhancing its global ecosystem and operations.
Amin Nasser, Aramco president and CEO, said: “This partnership with PIF strengthens Aramco’s position as a global technology leader and AI powerhouse, while laying the foundation for localizing the AI industry and enabling faster, more integrated, and scalable deployment of AI systems. AI will therefore play a vital role in the future of business. We are delighted to collaborate with PIF to help shape the future of AI regionally and globally.”
In turn, Yazeed Al-Humied, deputy governor and head of MENA investments at PIF, commented: “Fully aligned with PIF’s strategic objectives, this transaction accelerates HUMAIN’s growth into a global leader in the sector, strengthening AI as an enabler of PIF’s six ecosystems and further expanding private sector participation across our portfolio while advancing the development of cutting-edge technologies in Saudi Arabia.”
The partnership is expected to enhance Aramco’s monetization of existing AI and digital assets, support its broader strategy, and complement its core energy business.