Saudi Aramco to acquire 49% stake in HUMAIN, injecting about SAR 9.9 billion
Saudi Aramco will acquire a 49% stake in AI startup HUMAIN, with PIF retaining the remaining 51%. Saudi Aramco plans to complete the investment by transferring key AI assets and injecting about SAR 9.9 billion; the two shareholders will jointly contribute AI assets, capabilities and talent, and oversee HUMAIN's business expansion. Saudi Aramco expects to use HUMAIN's AI infrastructure to translate advanced AI capabilities into industrial applications.
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The deal binds Saudi Aramco's industrial scenarios with HUMAIN's AI infrastructure, offering a view of the equity restructuring path for national-level computing assets.
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Oil giant Saudi Aramco acquires 49% stake in domestic AI company HUMAIN
2026-11-02 08:44 IT Home - Su Bo (intern)
IT Home, November 2 news: HUMAIN, an artificial intelligence startup previously wholly owned by Saudi Arabia's sovereign wealth fund PIF, announced on the 1st of this month local time that the world's largest petrochemical company Saudi Aramco will acquire a 49% stake in the company, with PIF retaining the remaining 51%.
Saudi Aramco plans to make this investment by transferring key artificial intelligence assets and injecting approximately 9.9 billion Saudi riyals (IT Home note: currently equivalent to approximately 17.55 billion RMB). The two shareholders will contribute their respective artificial intelligence assets, capabilities, and talent to HUMAIN, and oversee HUMAIN's business expansion plans.
Saudi Aramco is expected to utilize HUMAIN's artificial intelligence infrastructure to transform advanced artificial intelligence capabilities into industrial applications, thereby further enhancing its global ecosystem and operational capabilities.