Aramco reportedly completes deal for 49% of HUMAIN; PIF retains 51%

SaudiGulf Projects’ Mohammad S reported on Nov. 2, 2026, that Aramco and Saudi Arabia’s Public Investment Fund had completed a deal giving Aramco a 49% stake in AI company HUMAIN. Aramco is acquiring the stake through a wholly owned subsidiary, while the fund, known as PIF, retains 51%.

Under the reported arrangement, Aramco will contribute about $2.6 billion in cash to HUMAIN during 2026 and transfer AI, computing and digital assets. The report describes the cash as a future contribution, not a payment already made.

HUMAIN, launched in May 2025, is developing data centers, cloud platforms, AI models and industrial applications. It plans to deploy 3 gigawatts of AI data center capacity by 2030. Aramco plans to use HUMAIN’s infrastructure for industrial AI across its operations, according to SaudiGulf Projects.