PIF and Aramco complete acquisition of 49% stake in Humaine

Saudi Arabia's Public Investment Fund (PIF) and state-owned oil giant Aramco have finalized the acquisition of a 49% stake in Humaine, a company focused on AI and data center development. The collaboration between the PIF and Aramco aims to bolster the growth of data centers, high-performance computing, and advanced AI models. The Humaine deal is set to bolster Aramco's global AI capabilities, with the state-owned firm investing approximately SAR 9.9 billion in cash by 2026, along with contributing AI, computing, and digital technology assets. The Public Investment Fund will maintain a 51% ownership stake in the company post-acquisition.

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