The Public Investment Fund owns 51% and Aramco owns 49%, after Aramco completed its purchase on 1 November 2026.

What does HUMAIN make?

HUMAIN builds AI data centers and cloud services in Saudi Arabia and develops Arabic language models in the ALLaM family, which it offers through its HUMAIN Chat assistant.

HUMAIN news

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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 HUMAIN

HUMAIN is a Saudi AI company launched by the Public Investment Fund in May 2025 to build data centers, AI cloud services and Arabic language models, including the ALLaM family and the HUMAIN Chat assistant. It is chaired by Crown Prince Mohammed bin Salman and led by CEO Tareq Amin. Aramco owns 49% since November 2026.

Reviewed 1 Nov 2026

Facts at a glance

Type: AI infrastructure, cloud and model company
Headquarters: Riyadh, Saudi Arabia source
Launched: May 2025 by the Public Investment Fund source
Chairman: Crown Prince Mohammed bin Salman source
CEO: Tareq Amin source
Owners: PIF 51%, Aramco 49% (from 1 November 2026) source
Products: ALLaM Arabic language models, HUMAIN Chat, AI data centers and cloud source
AMD agreement: $10 billion plan to deploy 500 MW of AI compute over five years, announced May 2025 source

Questions people ask

Who owns HUMAIN?: The Public Investment Fund owns 51% and Aramco owns 49%, after Aramco completed its purchase on 1 November 2026.
What does HUMAIN make?: HUMAIN builds AI data centers and cloud services in Saudi Arabia and develops Arabic language models in the ALLaM family, which it offers through its HUMAIN Chat assistant.

HUMAIN news

Every story about HUMAIN

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