Aramco to acquire minority stake in HUMAIN, PIF retains majority holding

The Public Investment Fund (PIF) and Aramco announced today, Oct. 28, signing a non-binding term sheet outlining the key terms for Aramco to acquire a significant minority stake in HUMAIN, a PIF company, advancing a full range of AI capabilities globally.
 
PIF and Aramco would contribute AI assets, capabilities and talent into HUMAIN, with PIF and Aramco as its shareholders, Aramco and the Kingdom’s sovereign wealth fund said in a joint statement.
 
The fund would continue to own the majority of HUMAIN. The intention is to enable the rapid scaling up of HUMAIN’s operations to capture value and accelerate its growth in the AI sector.

The proposed transaction is expected to further establish Saudi Arabia as a global leader in enabling the most advanced data and AI technologies and in attracting talents and investment opportunities. 

Upon completion of the transaction Aramco is expected to leverage HUMAIN’s AI infrastructure to translate advanced AI capabilities into industrial applications, further enhancing its global ecosystem and operations. 

The term sheet is subject to the signing of definitive agreements, applicable regulatory approvals and/or other customary conditions.

Launched in May 2025, HUMAIN is building full-stack AI capabilities across four core areas: next-generation data centers, hyper-performance infrastructure and cloud platforms, advanced AI models including ALLAM, one of the world’s most powerful multimodal Arabic large language models (LLMs), and transformative AI solutions.