PIF and Aramco complete acquisition of 49% stake in Humaine

The Public Investment Fund (PIF) and Aramco have announced the completion of Aramco’s acquisition of a 49% stake in Humaine.

The partnership between PIF and Aramco in Humaine aims to advance the development of data centers, high-performance computing, and advanced artificial intelligence models.

The Humaine deal is intended to accelerate the company’s growth and strengthen its global AI capabilities. Aramco is set to invest approximately SAR 9.9 billion in cash in Humaine by 2026, in addition to contributing AI, computing, and digital technology assets.

Following the transaction, the Public Investment Fund will retain a 51% ownership stake in Humaine.

Aramco President Amin Nasser stated that the value generated from technology at the company has reached SAR 42.4 billion since 2023, noting that the partnership with PIF will help localize the AI industry and accelerate the adoption of its technologies.

Meanwhile, PIF Deputy Governor Yazid Al-Humaid said the Humaine deal will foster the growth of national talent, innovation, and intellectual property in artificial intelligence.