AIUpdated November 3

Aramco completes acquisition of a 49% stake in HUMAIN; PIF retains 51%.

Aramco has completed its acquisition of a 49% stake in HUMAIN, while the Public Investment Fund (PIF) retains 51%, according to the joint PIF–Aramco announcement carried by the Saudi Press Agency. Aramco’s announced contribution includes about SAR 9.9 billion in cash during 2026; the companies will also contribute AI assets, capabilities and talent. The announcement presents the partnership as supporting HUMAIN’s growth and Saudi efforts to develop and deploy advanced data and AI technologies. HUMAIN plans to develop 3 gigawatts of AI data-centre capacity by 2030. The deal is also expected to create opportunities for talent and investment, with the announcement anticipating industrial applications at Aramco using HUMAIN’s AI infrastructure. These remain plans and expected uses, not completed capacity or results.

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Coverage started November 3