Does Aramco own part of HUMAIN?

Yes. Aramco completed the purchase of a 49% stake in HUMAIN on 1 November 2026 through a wholly owned subsidiary. The Public Investment Fund keeps 51%.

Amin H. Nasser is president and chief executive. The board is chaired by Yasir Al-Rumayyan, who is also governor of the Public Investment Fund.

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Aramco, formally Saudi Arabian Oil Company, is the majority state-owned Saudi energy and chemicals company headquartered in Dhahran.

A tall tower with a faceted lattice facade rises against a pale sky between angular dark glass and pale metal buildings. — Aramco completes deal for 49% of Saudi AI firm HUMAIN with $2.6 billion in cash and assets

AI Business & Funding1 Nov 2026, 16:22 UTC

Aramco closed its purchase of 49% of HUMAIN on 1 November, paying about SAR 9.9 billion in cash during 2026 plus AI assets. PIF keeps 51% of the AI company.

Summary

Saudi Aramco and the Public Investment Fund said on 1 November 2026 that Aramco has completed the purchase of a 49% stake in HUMAIN, the kingdom's state AI company, through a wholly owned subsidiary. Aramco contributes about SAR 9.9 billion ($2.6 billion) in cash during 2026 plus AI, computing and digital assets. PIF keeps 51%. The value of the transferred assets and HUMAIN's implied valuation were not disclosed.

About Aramco

Aramco, formally Saudi Arabian Oil Company, is the majority state-owned Saudi energy and chemicals company headquartered in Dhahran. It is listed on the Saudi Exchange. In AI it runs its own digital and technology programmes and, from 1 November 2026, owns 49% of the Saudi AI company HUMAIN.

Reviewed 1 Nov 2026

Facts at a glance

Type: Integrated energy and chemicals company, majority owned by the Saudi state
Headquarters: Dhahran, Saudi Arabia source
President and CEO: Amin H. Nasser source
Chairman: Yasir Al-Rumayyan, also governor of PIF source
AI holding: 49% of HUMAIN through a wholly owned subsidiary, closed 1 November 2026 source
HUMAIN cash contribution: About SAR 9.9 billion ($2.6 billion) during 2026, plus AI, computing and digital assets source

Questions people ask

Does Aramco own part of HUMAIN?: Yes. Aramco completed the purchase of a 49% stake in HUMAIN on 1 November 2026 through a wholly owned subsidiary. The Public Investment Fund keeps 51%.
Who runs Aramco?: Amin H. Nasser is president and chief executive. The board is chaired by Yasir Al-Rumayyan, who is also governor of the Public Investment Fund.

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Aramco completes deal for 49% of Saudi AI firm HUMAIN with $2.6 billion in cash and assets