Oil giant Aramco takes 49 per cent stake in Saudi AI company

Saudi Arabia's state-owned oil giant, Aramco, announced on Sunday that it has acquired a 49 percent stake in the nation's leading artificial intelligence firm, Humain. The investment, orchestrated by the Public Investment Fund, the country's sovereign wealth management entity, aims to bolster Aramco's technological capabilities and expand its reach in the burgeoning AI sector.

The Public Investment Fund (PIF), alongside Aramco, will retain a controlling 51 percent share in Humain. This move marks the continuation of Aramco's strategic diversification efforts, which have been in motion for over a year. The investment will provide the AI company with critical financial and technological resources to meet the escalating global demand for AI infrastructure.

Humain, a state-backed AI pioneer established in May 2025, plans to deploy three gigawatts of AI data center capacity by 2030. The company is also developing infrastructure and cloud platforms, boasting an Arabic-language large language model as part of its technological arsenal.

Aramco, one of the world's most valuable companies by market capitalization, is injecting approximately 9.9 billion Saudi riyals ($2.6 billion) into Humain this year. This infusion of funds, coupled with AI assets and talent, will significantly accelerate Humain's growth and enhance its global standing in the AI landscape. Aramco's President and CEO, Amin H. Nasser, highlighted the transformative impact of AI on the oil giant's value, which reached $11.3 billion in tech-related assets since 2023.