Aramco takes 49% of Saudi AI firm HUMAIN, adds $2.6B cash
Saudi Arabia’s oil giant closed the deal with the country’s wealth fund, which keeps 51%. HUMAIN says it plans 3 gigawatts of AI data centres by 2030.
Saudi Aramco and the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, said on November 1 that they have closed a deal on HUMAIN, the country’s state-backed AI company. Aramco now owns 49% through a subsidiary, and PIF keeps 51%. Aramco puts in about 9.9 billion riyals ($2.6 billion) in cash during 2026, plus its own AI, computing and digital assets.