Saudi Aramco acquires a minority stake in Humane, with the investment fund retaining a majority stake

Today, Tuesday, the Public Investment Fund and Saudi Aramco announced the signing of a non-binding memorandum of provisions specifying Key Provisions for Saudi Aramco to acquire a significant minority stake in Humin, one of the Public Investment Fund companies, and a leader in developing comprehensive artificial intelligence capabilities globally.

The Public Investment Fund and Saudi Aramco will contribute assets and capabilities And the professional staff in the field of artificial intelligence at Humane Company, as its shareholders. Data technologies and artificial intelligence, and attracting investment opportunities and competencies in the sector.

Commenting on this, the Deputy Governor and Head of the General Administration of Investments in the Middle East and North Africa at the Public Investment Fund, Mr. Yazid bin Abdul Rahman Al-Humaid, said: "By unifying the AI ​​assets of the Public Investment Fund and Saudi Aramco into Humane, we are strengthening national competencies, innovation and intellectual property in the field of artificial intelligence, while integrating and accelerating future investment opportunities. This step is in line with the Public Investment Fund’s strategy to enhance the Kingdom’s position as an international competitive center for artificial intelligence, and a leading hub for efforts to reshape the future of global artificial intelligence."

Saudi Aramco’s President and Chief Executive Officer, Eng. Amin bin Hassan Al-Nasser, said: " We at Saudi Aramco are very excited about digital transformation and the spread of the use of artificial intelligence in our business. Artificial intelligence is changing the world, and therefore we benefit from the power of artificial intelligence to achieve a transformation in our business inside and outside the Kingdom. We also harness it to manage emissions to enhance aspects of the environment and sustainability, and maintain our competitiveness through innovative business models and projects that distinguish Saudi Aramco. Our partnership in Humane also enhances our contribution to leading the transformation in artificial intelligence in the Kingdom on a broader scale.
As is known, the Kingdom has very ambitious aspirations in artificial intelligence. At the same time, there is expected growth in energy demand driven by the global expansion of AI infrastructure. Saudi Aramco remains in a unique position to take advantage of the many opportunities and returns offered by this growth"

Supporting infrastructure and artificial intelligence partnerships

The Public Investment Fund actively invests in infrastructure and artificial intelligence partnerships, with the aim of developing important strategic sectors in the Kingdom and continuing to localize modern technologies, within the framework of the Fund’s role in driving the development and diversification of the local economy. The Fund’s strategy in the field of artificial intelligence and the digital economy benefits from the Kingdom’s position as a global competitive center in the sector, by relying on innovation and capacity building.

Saudi Aramco’s extensive experience in this field supports the provision of radical solutions, and upon completion of the deal, Saudi Aramco is expected to benefit from Humane’s artificial intelligence infrastructure to transform the capabilities of… Advanced AI has transformed into industrial applications, further enhancing its global business ecosystem and operations.

Humane, which was launched in May 2025, is building a comprehensive set of AI capabilities across four core areas including: next-generation data centers, high-performance infrastructure, cloud computing, and intelligence models. Advanced artificial intelligence, including one of the most powerful large multimedia models for the Arabic language in the world, in addition to innovative artificial intelligence solutions.
The Saudi Artificial Intelligence Company (SKY), wholly owned by the Public Investment Fund, was recently transferred to Humin, which further strengthened the company’s capabilities, and is in line with the Fund’s strategy in artificial intelligence and the digital economy.
/>The non-binding provisions memorandum is subject to the signing of binding agreements, applicable regulatory approvals and/or other customary conditions.

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