Digital assets included in Aramco acquisition of HUMAIN AI In KSA
Saudi Arabia Public Investment Fund known as (PIF) and Aramco have announced that Aramco, through a wholly owned subsidiary, has acquired a 49% stake in HUMAIN, with PIF retaining 51% ownership involving approximately SAR 9.9 billion or $2.6 billion in cash contributions in 2026 from Aramco to HUMAIN, in addition to AI, compute, and digital assets.
As per the press release, the transaction will further accelerate HUMAIN’s growth and advance its full range of AI capabilities globally, with PIF and Aramco contributing AI assets, capabilities, and talent.
The acquisition is aimed to accelerate HUMAIN’s ambition to build a globally competitive integrated AI ecosystem, from data centers to high performance compute to applications and industry solutions.
The entrance of Aramco will support HUMAIN’s plans to develop data center capacity by 2030 and deliver solutions that help the public and private sectors to deploy AI at scale.
Furthermore, Aramco will utilize HUMAIN’s AI infrastructure to translate advanced AI capabilities into industrial applications, further enhancing its global ecosystem and operations. With opportunities for revenue growth and attractive margins, this partnership is expected to enhance Aramco’s monetization of existing AI and digital assets, support its broader strategy, and complement its core energy business.
Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, is quoted in the announcement saying that bringing PIF and Aramco’s AI portfolio of investments together with HUMAIN will create a powerful synergy which will fuel talent, growth, technological advancement and intellectual property creation.
He states, “Fully aligned with PIF’s strategic objectives, this transaction accelerates HUMAIN’s growth into a global leader in the sector, strengthening AI as an enabler of PIF’s six ecosystems and further expanding private sector participation across our portfolio while advancing the development of cutting-edge technologies in Saudi Arabia.”
Amin H. Nasser, Aramco President & CEO, added that the HUMAIN deal is very important to Aramco, building on the company’s long track record of innovation and technology.
He explains, ” Since 2023, Aramco has achieved $11.3 billion in Technology Realized Value, with a significant portion coming from AI solutions. This partnership with PIF strengthens Aramco’s position as a global technology leader and AI powerhouse, while laying the foundation for localizing the AI industry and enabling faster, more integrated, and scalable deployment of AI systems. AI will therefore play a vital role in the future of business. We are delighted to collaborate with PIF to help shape the future of AI regionally and globally.”
Launched in May 2025, HUMAIN is building full-stack AI capabilities across four core areas: next-generation data centers; hyper-performance infrastructure and cloud platforms; advanced AI models including ALLaM, one of the world’s most powerful multimodal Arabic large language models (LLMs); and transformative AI solutions. Through the deployment of 3 gigawatts of AI data center capacity by 2030, HUMAIN is rapidly scaling to meet growing regional and global demand for AI compute, with the aim of becoming one of the leading exporters of AI globally.
