Aramco acquires 49% stake in HUMAIN in $2.6 billion AI investment

Friday 6 November 2026 09:31

Saudi Aramco has completed the acquisition of a 49% stake in HUMAIN, the artificial intelligence company backed by Saudi Arabia's Public Investment Fund (PIF), in a strategic transaction aimed at accelerating the company's global growth and expanding its presence in the AI sector.

The transaction, announced on November 1, 2026, includes approximately SAR 9.9 billion ($2.6 billion) in cash contributions from Aramco during 2026, alongside the transfer of key artificial intelligence, computing, and digital assets.

PIF retains a 51% ownership stake in HUMAIN, while Aramco becomes a strategic shareholder and partner in the company's expansion.

Strengthening Saudi Arabia's AI Infrastructure

HUMAIN is developing an integrated artificial intelligence ecosystem covering several areas, including next-generation data centers, high-performance computing infrastructure, cloud platforms, advanced AI models, and AI-powered applications.

The company is targeting the deployment of 3 gigawatts of AI data center capacity by 2030 to meet growing regional and global demand for computing capabilities.

Its portfolio also includes ALLaM, an advanced Arabic large language model designed to support Arabic-language artificial intelligence applications.

Aramco to Expand Industrial AI Applications

The investment is expected to enable Aramco to leverage HUMAIN's infrastructure and AI capabilities across its industrial operations, supporting digital transformation and improving operational performance.

According to Aramco, the company has generated $11.3 billion in Technology Realized Value since 2023, with a significant contribution from artificial intelligence solutions.

The partnership is also expected to support the development of local AI capabilities, attract investment, and strengthen Saudi Arabia's position as a regional and global hub for artificial intelligence.

PIF and Aramco Strengthen Their Strategic Partnership

The transaction brings together the AI-related assets and capabilities of two of Saudi Arabia's largest institutions under HUMAIN, supporting the development of an integrated AI ecosystem with ambitions to serve international markets.

Through the partnership, PIF and Aramco aim to accelerate innovation, expand computing capacity, and create new opportunities across the digital economy.