Aramco to Acquire Minority Stake in Public Investment Fund's AI Firm

Saudi Arabian energy company, Saudi Aramco, has signed a non-binding term sheet to acquire a minority stake in AI firm HUMAIN, newly established under the Public Investment Fund (PIF). Under the agreement, Aramco and PIF will pool their AI-related assets, capabilities and talent into HUMAIN, which will continue to be majority-owned by PIF. By integrating Aramco’s industrial expertise with HUMAIN’s AI infrastructure, the partnership aims to broaden Saudi Arabia’s role in global AI technologies. HUMAIN, launched earlier this year, is developing advanced data-centres, cloud platforms and multimodal Arabic large language models (LLMs), positioning itself as one of the Kingdom’s primary vehicles for artificial intelligence. The move reflects the Saudi government’s broader strategy under Vision 2030 to diversify its economy, attract global AI investment and enhance national digital capabilities. Aramco stated that the partnership will help accelerate AI-driven applications across its operations and beyond. Both parties said the final terms remain subject to regulatory approvals and definitive agreements.