Saudi Aramco takes 49% stake in Humain for $2.6bn
What happened
On 2 November 2026, Saudi Aramco announced it would take a 49% stake in Humain for about $2.6bn, injecting funds and its own AI technology in 2026. Humain was set up in May 2025 by Saudi Arabia's sovereign wealth fund PIF and builds data centres, develops cloud services and trains Arabic-language models such as ALLaM, with plans to reach 3GW of data centre capacity by 2030. Aramco plans to use the technology in its own operations and to increase revenue by selling its own AI solutions.
Written by AI from the reports · updated 4 h ago
Timeline
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- The DecoderSaudi Aramco takes 49 percent stake in AI firm Humain with $2.6 billion deal
Saudi Aramco is buying into Humain, the company meant to turn Saudi Arabia into a global AI hub.
Heat of this event
Current heat 9·Peak in the comparable range 10（Nov 2 21:00）·Change over 24 hours in the comparable range –
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