PIF and Aramco close HUMAIN deal, with Aramco taking 49% stake to expand Saudi AI capacity

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Aramco acquired its 49% stake in HUMAIN by transferring key AI assets and contributing approximately SAR 9.9 billion ($2.6 billion) in cash during 2026, with PIF retaining 51%. HUMAIN, launched in May 2025, plans to deploy 3 gigawatts of AI data center capacity by 2030 and aims to become a leading global AI exporter. Aramco CEO Amin Nasser said the company has achieved $11.3 billion in Technology Realized Value since 2023, largely from AI solutions, and expects the partnership to support monetization of existing AI and digital assets.

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PIF and Aramco close HUMAIN deal, with Aramco taking 49% stake to expand Saudi AI capacity

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PIF and Aramco close HUMAIN deal, with Aramco taking 49% stake to expand Saudi AI capacity

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