Aramco closes deal for 49% of HUMAIN: PIF keeps 51%, about $2.6B cash in 2026, 3 GW of AI data centers targeted by 2030
Saudi Arabia's Public Investment Fund (PIF) and Aramco announced on November 1 that their deal has closed: Aramco, through a wholly owned subsidiary, takes a 49% stake in Saudi AI company HUMAIN, while PIF keeps 51% control. Besides transferring its own AI, compute and digital assets, Aramco will contribute about SAR 9.9 billion (roughly $2.6 billion) in cash to HUMAIN in 2026. HUMAIN plans to deploy 3 GW of AI data center capacity by 2030 and keeps developing ALLaM, its multimodal Arabic large language model.
Key Takeaways
- Ownership: Aramco 49% (through a wholly owned subsidiary) and PIF 51%; the deal closed on 2026-11-01 (Aramco press release)
- Money: about SAR 9.9 billion (roughly $2.6 billion) in cash during 2026, plus AI, compute and digital assets (official figures)
- Compute goal: 3 GW of AI data center capacity by 2030 (official figure)
- Aramco says it has realized $11.3 billion in "Technology Realized Value" since 2023, much of it from AI solutions (CEO Amin Nasser, company figure)
- HUMAIN launched in May 2025 and works in four areas: data centers, cloud platforms, the ALLaM models and industry solutions