Saudi Aramco is acquiring a 49 percent stake in state-backed AI company Humain and will inject about 9.9 billion Saudi riyals, or $2.6 billion, into the company this year as Saudi Arabia accelerates the development of artificial intelligence infrastructure and services.
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, will retain a 51 percent ownership in Humain, according to a joint statement issued by the two entities. Aramco’s stake will be held through a wholly owned subsidiary and will include a contribution of cash, AI capabilities, compute resources and digital assets.
Humain was launched in May 2025 and is being developed as part of Saudi Arabia’s wider economic diversification effort. The company is working across infrastructure, cloud platforms and AI applications, including an Arabic-language large language model, the statement said.
The investment is intended to help Humain scale its operations to meet rising regional and global demand for AI compute. The company is planning to deploy three gigawatts of AI data-centre capacity by 2030, making computing infrastructure a central part of its growth strategy.
For Saudi Aramco, the transaction extends an existing focus on technology and artificial intelligence beyond its core oil operations. Amin H. Nasser, Aramco’s president and chief executive, said AI had helped the oil company reach $11.3 billion in tech-related value since 2023. The statement did not provide further details on how that value was calculated.
The ownership structure places Humain within the country’s state-backed diversification framework while bringing in Aramco’s financial resources, technical assets and talent. The Public Investment Fund has been driving investments intended to reduce Saudi Arabia’s reliance on oil, while Aramco remains a central company in the oil-dependent economy.
The planned data-centre capacity also highlights the physical infrastructure required to expand AI services. AI compute depends on large-scale data centres, cloud platforms and associated digital systems, making power, equipment, connectivity and technical talent important components of the expansion. The supplied statement did not disclose the locations, construction schedules, technology suppliers or power arrangements for Humain’s planned facilities.
The transaction follows Aramco’s plans, reported in the source material, to take a significant minority stake in Humain for at least a year. The companies said the new investment would accelerate Humain’s growth and advance its full range of AI capabilities globally. Further implementation details were not provided in the joint statement.
