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Funding / Aramcothe 2nd of November 2026, 10:30 UTC

Aramco pays $2.6 billion for 49% of Humain

Aramco has closed a deal to own 49 percent of Humain, Saudi Arabia's national AI company, the oil giant said. It is paying about 2.6 billion dollars in cash plus its own AI assets.

Aramco and Saudi AI firm Humain

Aramco has closed a deal to own 49 percent of Humain, Saudi Arabia's national AI company, Aramco said on the 1st of November 2026. Saudi Arabia's PIF wealth fund keeps the other 51 percent.

Aramco is Saudi Arabia's state oil company. It will pay about 2.6 billion dollars in cash during 2026, plus its own AI and computer assets.

What Humain does

Humain was set up in May 2025 to build AI for Saudi Arabia and the world, Aramco said. It builds data centres, AI cloud services and AI models.

Its models include ALLaM, an AI model that works in Arabic. Data centres are large buildings full of computers that run AI.

The plan for power

Humain plans to build 3 gigawatts of AI data centre power by 2030, Aramco said. One gigawatt is about the output of a large power plant.

Aramco said it will use Humain's systems to bring AI into its oil and gas work.

What the bosses said

Aramco chief Amin Nasser said the deal is very important to the company. He said Aramco has gained 11.3 billion dollars of value from technology since 2023.

A PIF leader said joining the two firms' AI work will help Humain grow into a global leader.

Below we break down the deal

Aramco's cash is about 9.9 billion Saudi riyals, the release says. That is 2.6 billion dollars, or about 3.8 riyals to the dollar, by our arithmetic.

Humain owners after the deal: Saudi fund PIF fifty one percent, Aramco forty nine percent; Aramco cash about nine point nine billion riyals or two point six billion dollars; data centre target three gigawatts by twenty thirtyHumain owners after the deal: Saudi fund PIF fifty one percent, Aramco forty nine percent; Aramco cash about nine point nine billion riyals or two point six billion dollars; data centre target three gigawatts by twenty thirty

Key facts

Aramco now owns 49 percent of Humain and PIF owns 51 percent.

Aramco pays about 2.6 billion dollars in cash during 2026.

Humain plans 3 gigawatts of AI data centre power by 2030.

The deal closed on the 1st of November 2026.

Source: Aramco