Aramco buys 49% of HUMAIN, Saudi Arabia's AI company
Why it matters
Saudi Aramco closed its deal for a 49% stake in HUMAIN, Saudi Arabia's AI company, while PIF keeps 51%. Aramco is transferring key AI assets and contributing approximately SAR 9.9 billion ($2.6 billion) in cash in 2026. HUMAIN, launched in May 2025, builds full-stack AI (data centers, cloud, models including the Arabic LLM ALLaM) and plans 3 gigawatts of AI data center capacity by 2030, aiming to be one of the leading AI exporters. Aramco expects to use HUMAIN's infrastructure for industrial AI.
Read the source: Aramco (opens in a new tab)
All hits from 1 Nov 2026More BusinessGet the daily hits by email