Humain Starts IPO Process
Humain, a company affiliated with the Saudi Public Investment Fund, intends to initiate the initial public offering (IPO) process within 3 to 4 years, with the possibility of listing on the Saudi Stock Market (Tadawul) and a global exchange such as NASDAQ. This scenario requires forming a specialized underwriting team that includes high-level expertise in management consulting, financial and strategic aspects, and investor relations, in preparation for the company's share offering. The company aims to become a global leader in artificial intelligence, with a plan to increase its data center operational capacity from 250 megawatts by the end of this year to one gigawatt by 2027.
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