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Fund-Humain Sign SAR2.5bn
The National Infrastructure Fund and HUMAIN signed two financing agreements in Riyadh totaling up to SAR 2.5 billion to support AI computing capacity and the power infrastructure required for data centers in the Kingdom. The first financing agreement, worth SAR 1.1 billion, is for graphics processing units with a capacity of approximately 25 megawatts. The second, worth SAR 1.4 billion, is for power facilities, supporting future expansion to IT loads of up to 1 gigawatt. The agreements are the first transactions under the Fund’s AI Data Center Financing Program and mark the initial phase of a previously signed framework agreement providing for non-binding financing of up to SAR 4.5 billion.
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