RIYADH, 29 October 2025 – Saudi oil giant Aramco signed a non-binding term sheet to purchase a substantial minority stake in artificial intelligence (AI) company HUMAIN. The Kingdom’s sovereign wealth fund PIF remains as the majority owner.
Established in May 2025, HUMAIN develops full-stack AI capabilities for next-generation data centres, advanced AI models like ALLAM, hyper-performance infrastructure and cloud platforms, and transformative AI solutions.
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 directs its investments towards AI and infrastructure to localise modern languages while supporting the Kingdom’s goal for diversification. As Saudi Arabia reduces its dependency on the oil and gas industry, it looks to AI and the digital economy to remain globally competitive.
The planned deal will strengthen Saudi Arabia as a hub for AI technologies and attract talent and investments.
Aramco will utilise HUMAIN’s AI solutions for industrial applications to enhance its operations and efficiencies across the globe.
Amin H. Nasser, Aramco President & CEO, said, “Aramco’s planned investment in HUMAIN is expected to further strengthen our leadership in industrial AI applications and digital solutions, while accelerating the development of Saudi Arabia’s AI infrastructure and driving national transformation. 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 as one of the world’s leading integrated energy and chemicals companies.”
Source: Aramco
