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Saudi Aramco Unit Finalizes 49% Stake Purchase in PIF's Humain

MT Newswires·11/01/2026 01:30:45
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01:30 AM EST, 11/01/2026 (MT Newswires) -- Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, via a subsidiary, completed the acquisition of a 49% stake in the Public Investment Fund-owned artificial intelligence company Humain. The oil giant paid 9.9 billion Saudi riyals in cash for the transaction, according to a Sunday release. Aramco added that the deal is set to support the kingdom and Humain's plan to further the development of data centers and AI by 2030.