Saudi Aramco has signed a non-binding term sheet to acquire a significant minority stake in Humain, the artificial intelligence company backed by the Public Investment Fund (PIF), the two entities said in a joint statement.
Under the deal, PIF and Aramco plan to combine their AI assets, capabilities and talent under Humain to accelerate its growth and position Saudi Arabia as a global hub for artificial intelligence. PIF will retain majority ownership of the company.
“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 companies said.
Yazeed A. Al-Humied, PIF’s deputy governor and head of Middle East and North Africa investments, said the partnership would help “fuel AI talent, innovation and intellectual property” and strengthen Saudi Arabia’s position as a globally competitive AI hub.
Aramco president and CEO Amin H. Nasser said the planned investment would bolster the company’s leadership in industrial AI applications and digital solutions. “Aramco is well positioned to capture opportunities from rising energy demand linked to AI growth, using advanced technologies to improve efficiency, reduce emissions and sustain our competitive edge,” he said.
Launched in May 2025, Humain develops full-stack AI capabilities spanning next-generation data centres, high-performance cloud infrastructure and advanced AI models, including ALLAM, one of the world’s most powerful multimodal Arabic large language models. The Saudi Company for Artificial Intelligence, a wholly owned PIF subsidiary, was recently transferred to Humain to consolidate national AI assets.
At the Future Investment Initiative (FII) conference in Riyadh this week, Humain CEO Tareq Amin said the company plans to go public within three to four years through a dual listing in Saudi Arabia and the United States.
“In three to four years, this company needs to be listed,” Amin said, adding that Humain hopes to trade both domestically and on Nasdaq. He said the company is working on Humain One, an AI-based operating system that allows users to interact with computers through natural voice commands, and aims to develop up to 6 gigawatts of data centre capacity.
Amin said Humain has already partnered with Google and plans to announce a major collaboration with Amazon Web Services, adding that it is also in talks with OpenAI and California-based Groq on joint projects.
The agreement between Aramco and PIF remains subject to definitive documentation, regulatory approvals and customary closing conditions.
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