Saudi Aramco acquires 49% of HUMAIN with $2.6 billion cash injection

Saudi Aramco has recently completed the acquisition of a 49% stake in Saudi artificial intelligence company HUMAIN, through its wholly owned subsidiary, while the Public Investment Fund (PIF) maintains a controlling 51% stake. In exchange, Aramco will invest around $2.6 billion (SAR 9.9 billion) in cash during 2026, along with AI, computing, and digital assets. Both shareholders will also contribute their respective technology capabilities and talent to support HUMAIN's expansion.

HUMAIN, founded in May 2025 by the PIF, focuses on developing AI infrastructure and services, including data centers, high-performance computing, cloud platforms, advanced AI models, and industry-specific applications. The acquisition aligns with HUMAIN's plans to build 3 gigawatts of AI data center capacity by 2030, aiming to meet regional and global demand for AI compute. The transaction allows Aramco to leverage HUMAIN's AI infrastructure for expanding AI applications across its industrial operations.

The collaboration between Aramco and HUMAIN is expected to accelerate HUMAIN's growth and bolster its position as a global leader in AI, strengthening AI as an enabler of several PIF's six economic ecosystems. This partnership, which will see the PIF and Aramco contribute AI assets, capabilities, and talent, aims to attract talent and investment opportunities to Saudi Arabia, while fostering the development and deployment of advanced data and AI technologies.