Saudi Aramco to acquire a minority stake in HUMAIN, while the Public Investment Fund (PIF) retains majority ownership.
The partnership aims to unify PIF and Aramco’s AI efforts, accelerating HUMAIN’s growth and positioning Saudi Arabia as a global hub for artificial intelligence.
The deal supports Vision 2030 goals by advancing digital infrastructure, developing national capabilities, and attracting global investment in the AI sector.
The Public Investment Fund (PIF) and Saudi Aramco announced the signing of a non-binding Heads of Terms agreement outlining the key terms for Aramco to acquire a significant minority stake in HUMAIN, a PIF-owned company and a global leader in developing comprehensive artificial intelligence (AI) capabilities.
Unifying efforts in AI innovation
This strategic move aims to unify PIF and Aramco’s AI initiatives through HUMAIN, accelerating the company’s expansion and consolidating key AI assets. The partnership seeks to strengthen Saudi Arabia’s position as a global hub for AI and data technologies while driving innovation, value creation, and long-term growth across the sector.
Both entities will contribute AI-related assets, capabilities, and professional expertise to HUMAIN, with PIF remaining the majority shareholder. The collaboration is expected to support rapid business expansion and attract international investments and talent to the Kingdom’s AI ecosystem.
Leadership statements
Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, stated:
“By combining the AI assets of PIF and Aramco within HUMAIN, we are strengthening national talent, innovation, and intellectual property in the field of AI, while accelerating future investment opportunities. This step aligns with PIF’s strategy to position Saudi Arabia as a globally competitive hub for AI and a leading force shaping the future of the industry.”
Amin H. Nasser, president and CEO of Saudi Aramco, commented:
“We at Aramco are very enthusiastic about digital transformation and the growing use of AI across our operations. AI is reshaping the world, and we are leveraging it to transform our business inside and outside the Kingdom—enhancing sustainability, managing emissions, and maintaining competitiveness through innovative models and projects. Our partnership in HUMAIN will further strengthen Saudi Arabia’s leadership in AI transformation.”
Strengthening national capabilities
PIF continues to actively invest in AI and digital infrastructure, focusing on developing strategic sectors and supporting the localization of advanced technologies in line with its role in driving economic diversification. The Fund’s AI and digital strategy capitalizes on Saudi Arabia’s position as a competitive global center for innovation and capability building.
Meanwhile, Aramco’s deep expertise in industrial AI will allow it to benefit from HUMAIN’s infrastructure, translating advanced AI capabilities into real-world industrial applications that enhance efficiency and performance across its global operations.
About HUMAIN
HUMAIN was launched in May 2025 as a national AI powerhouse under PIF to consolidate the Kingdom’s AI assets and accelerate innovation. The company focuses on four main areas:
Next-generation data centers.
High-performance computing and cloud infrastructure.
Advanced AI models, including one of the world’s most powerful Arabic large multimodal language models.
Innovative AI solutions that serve multiple industries.
Recently, the Saudi Company for Artificial Intelligence (SCAI)—wholly owned by PIF—was transferred to HUMAIN, further boosting the company’s capabilities and aligning with PIF’s broader strategy for AI and the digital economy.
Advancing Vision 2030 goals
The agreement supports Saudi Arabia’s Vision 2030 by fostering digital transformation, promoting technological self-reliance, and reinforcing the Kingdom’s leadership in the global AI landscape.
By uniting the capabilities of two of Saudi Arabia’s most influential entities—PIF and Aramco—this partnership marks a pivotal step toward creating an integrated, world-class AI ecosystem that will drive innovation, attract talent, and position Saudi Arabia at the forefront of the next technological revolution.
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