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Aramco Buys 49% of HUMAIN

Aramco Buys 49% of HUMAIN

Saudi Aramco has completed its acquisition of a 49% stake in AI company HUMAIN through cash contributions totaling SAR 9.9 billion ($2.6 billion) during 2026, while the Public Investment Fund retained its 51% majority stake. The partnership aims to combine the two parties’ assets and expertise, expand industrial AI applications, and oversee the company’s growth plans. The deal supports HUMAIN’s plans to develop data centers with capacity of up to 3 gigawatts by 2030.

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