Aramco takes 49% stake in HUMAIN as PIF retains majority

The transaction is closed, with Aramco acquiring a 49% stake through a wholly owned subsidiary and PIF retaining a 51% stake.[1] The cash amount specified for HUMAIN is approximately SAR 9.9 billion, or $2.6 billion, and is scheduled for 2026.[1] The contribution is additional to AI, compute and digital assets.[1] The announcement does not describe the cash as already paid; professionals assessing the arrangement should distinguish the completed transaction from the stated future cash contribution.[1]

HUMAIN plans to deploy 3 gigawatts of AI data-center capacity by 2030.[1] Its scope includes data centers, high-performance computing, advanced models, applications and industry solutions.[1] HUMAIN says it will deliver solutions to help public- and private-sector organisations deploy AI at scale, with expansion intended to meet growing regional and global demand for AI compute.[1] The capacity target is a plan, rather than evidence in this announcement that the full amount is already built or operational.[1]

HUMAIN launched in May 2025 and is building full-stack AI capabilities across four core areas.[1] Its advanced models include ALLaM, which Aramco describes as one of the world’s most powerful multimodal Arabic large language models.[1] The closing followed a non-binding term sheet signed on October 28, 2025, outlining plans to combine AI assets, capabilities and talent under HUMAIN.[2]

Aramco expects to use HUMAIN’s AI infrastructure to turn advanced AI capabilities into industrial applications and enhance its operations.[1] Aramco and its affiliates are also expected to benefit from HUMAIN infrastructure and services as shareholders and strategic partners.[1] Separately, HUMAIN and DataVolt announced a preliminary framework agreement with AI cloud company Nebius for data-center capacity at their planned campus in Oxagon.[2] Under the proposed arrangement, Nebius would take up to 50 megawatts, half of the 100 megawatts under construction in the project’s planned 360-megawatt first phase; the allocation is expected to become operational in phases starting in the fourth quarter of 2027.[2]