Dhahran, October 29, 2025 — Saudi Aramco and the Public Investment Fund (PIF) have signed a non-binding term sheet for Aramco to acquire a significant minority stake in HUMAIN, a PIF-backed artificial intelligence company. The partnership marks a major step toward positioning Saudi Arabia as a global powerhouse in AI innovation and industrial applications.
Under the agreement, both PIF and Aramco will contribute AI-related assets, talent, and capabilities to HUMAIN, with PIF retaining majority ownership. The move is designed to accelerate HUMAIN’s growth and enable it to scale its AI operations globally, strengthening Saudi Arabia’s leadership in advanced data and AI technologies.
Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said the partnership “fuels AI talent, innovation, and intellectual property, while aligning future investment opportunities,” reinforcing the Kingdom’s role as a globally competitive AI hub.
Aramco President & CEO Amin H. Nasser added that the investment “will strengthen Aramco’s leadership in industrial AI applications and digital solutions,” emphasizing that AI will drive operational efficiency, emissions reduction, and national transformation as the company integrates advanced technologies across its ecosystem.
Launched in May 2025, HUMAIN is building full-stack AI capabilities across next-generation data centers, hyper-performance infrastructure, advanced AI models (including ALLAM, one of the world’s most powerful Arabic multimodal LLMs), and transformative AI solutions. The recent integration of the Saudi Company for Artificial Intelligence (SCAI) into HUMAIN further enhances its position as a regional leader in AI.
The agreement remains subject to definitive documentation and regulatory approvals, paving the way for a transformative collaboration that could redefine Saudi Arabia’s role in the global AI economy.
