Advancing AI
Teaming Up on AI: PIF and Aramco agree for Aramco to acquire a significant minority stake in HUMAIN
Global Today
Pioneering Spirit
With PIF retaining majority ownership, the plan to work jointly through HUMAIN would accelerate its growth and unify key AI assets in the drive to make Saudi Arabia a global AI hub.
PIF and Aramco on Tuesday announced the signing of a non-binding term sheet outlining the key terms for Aramco to acquire a significant minority stake in HUMAIN, a PIF company, advancing a full range of AI capabilities globally.
PIF and Aramco would contribute AI assets, capabilities and talent into HUMAIN, with PIF and Aramco as its shareholders. PIF would continue to own the majority of HUMAIN. 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 proposed transaction is expected to further establish Saudi Arabia as a global leader in enabling the most advanced data and AI technologies and in attracting talents and investment opportunities.
Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said: “By combining PIF and Aramco’s AI assets under HUMAIN, we are fueling AI talent, innovation and intellectual property, while aligning and accelerating future investment opportunities. This development is aligned with PIF’s strategy by further strengthening Saudi Arabia’s position as a globally competitive AI hub and places the country at the heart of reshaping the future of global AI.”
PIF is actively investing in AI partnerships and infrastructure as part of its mandate to develop key strategic sectors in Saudi Arabia and further localize modern technologies, driving the development and diversification of the domestic economy. PIF's strategy for the AI and the digital economy benefits from Saudi Arabia’s position as a globally competitive market through innovation and capacity building.
Aramco’s extensive domain expertise supports delivery of transformative solutions, and upon completion of the transaction Aramco is expected to leverage HUMAIN’s AI infrastructure to translate advanced AI capabilities into industrial applications, further enhancing its global ecosystem and operations.
Launched in May 2025, HUMAIN is building full-stack AI capabilities across four core areas: next-generation data centers, hyper-performance infrastructure and cloud platforms, advanced AI models including ALLAM, one of the world’s most powerful multimodal Arabic large language models (LLMs), and transformative AI solutions. Recently, Saudi Company for Artificial Intelligence (SCAI), wholly owned by PIF, was transferred to HUMAIN, further enhancing the company's capabilities in line with PIF's strategy for the AI and digital economy.
The term sheet is subject to the signing of definitive agreements, applicable regulatory approvals and/or other customary conditions.
