Aramco Acquires Stake in HUMAIN from the Public Investment Fund (PIF)
RIYADH — The Public Investment Fund (PIF) and Aramco have signed a non-binding term sheet for Aramco to acquire a significant minority stake in HUMAIN, a PIF-backed company pioneering the development of comprehensive artificial intelligence (AI) capabilities worldwide.
Under the proposed structure, PIF and Aramco will contribute their AI assets, capabilities, and talent to HUMAIN, establishing a unified platform designed to accelerate innovation and strengthen Saudi Arabia’s role as a global hub for AI development and technology leadership. PIF will continue to retain majority ownership in the company.
The partnership seeks to consolidate Saudi Arabia’s AI ecosystem by integrating key assets from both entities—advanced data centers, AI models, and cloud infrastructure—to enable national-scale innovation and global competitiveness.
Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said:
“By combining PIF and Aramco’s AI assets under HUMAIN, we are fueling AI talent, innovation, and intellectual property, while aligning and accelerating future investment opportunities. This development further strengthens Saudi Arabia’s position as a globally competitive AI hub and places the country at the heart of reshaping the future of global AI.”
Amin H. Nasser, Aramco President and CEO, added:
“Aramco’s planned investment in HUMAIN is expected to strengthen our leadership in industrial AI applications and digital solutions while accelerating the development of Saudi Arabia’s AI infrastructure. Aramco is well positioned to capture opportunities from rising energy demand linked to AI growth, using advanced technologies to enhance efficiency, reduce emissions, and sustain our global competitiveness.”
Launched in May 2025, HUMAIN is building full-stack AI capabilities across four strategic domains: next-generation data centers, hyper-performance infrastructure and cloud platforms, advanced AI models such as ALLAM—one of the world’s most powerful multimodal Arabic LLMs—and transformative AI solutions for government and industry.
Earlier this year, the Saudi Company for Artificial Intelligence (SCAI)—a subsidiary of PIF—was transferred to HUMAIN, further consolidating the Kingdom’s AI strength. The term sheet remains subject to definitive agreements, regulatory approvals, and customary conditions before completion.
