Aramco Acquires 49% HUMAIN Stake With $2.6B Cash, AI Assets

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Saudi Arabia’s Public Investment Fund (PIF) and Aramco announced on November 1, 2026, the closing of a transaction in which Aramco, through a wholly owned subsidiary, acquired a 49% stake in artificial intelligence company HUMAIN, with PIF retaining 51% ownership.

Aramco acquired the stake by transferring key AI assets to HUMAIN and contributing approximately SAR 9.9 billion ($2.6 billion) in cash in 2026, according to the closing announcement published on Aramco’s newsroom. The transaction also involves AI, compute, and digital assets. PIF and Aramco are both contributing AI assets, capabilities, and talent to HUMAIN, and as the company’s shareholders the two organizations will oversee its expansion plans.

The companies said the transaction will further accelerate HUMAIN’s growth and advance its full range of AI capabilities globally. They said it will also enable HUMAIN’s plans to develop data center capacity by 2030 and deliver solutions that help the public and private sectors deploy AI at scale. The announcement framed the deal as building on Saudi Arabia’s efforts to enable the development and deployment of advanced data and AI technologies while attracting talent and investment.

Aramco said it expects to use HUMAIN’s AI infrastructure to translate advanced AI capabilities into industrial applications, further enhancing its global ecosystem and operations. The company said Aramco and its affiliates will benefit as a shareholder and strategic partner from HUMAIN’s advanced AI infrastructure and services.