Aramco has completed its purchase of a 49% stake in HUMAIN, Saudi Arabia's national AI company, according to a report on 1 November 2026. The Public Investment Fund (PIF) keeps the other 51%.
What was announced
- Aramco holds the stake through a subsidiary.
- The deal includes about SAR 9.9bn (USD 2.6bn) in cash during 2026, plus AI, computing and digital assets from Aramco.
- HUMAIN plans to deploy 3GW of data centre capacity by 2030.
- A non-binding term sheet was signed on 28 October 2025.
Our take
With Aramco as a shareholder, HUMAIN has one of the world's largest industrial companies close at hand as a user. Expect more AI aimed at energy and heavy industry to come out of Saudi Arabia.