Riyadh – Sharikat Mubasher: The Public Investment Fund (PIF) and Aramco announced the signing of a non-binding term sheet outlining the framework for Aramco to acquire a significant minority stake in HUMAIN, a PIF-owned artificial intelligence company.

Under the proposed agreement, PIF and Aramco plan to contribute AI assets, expertise, and talent to HUMAIN, with PIF maintaining majority ownership, as per a recent press release.

The collaboration aims to accelerate HUMAIN’s global expansion and strengthen Saudi Arabia’s leadership in advanced data and AI technologies.

Yazeed Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said the partnership will align and accelerate investment opportunities while positioning Saudi Arabia at the heart of global AI innovation.

Meanwhile, Amin Nasser, Aramco President and CEO, added that the planned investment will enhance the company’s leadership in industrial AI and support the Kingdom’s broader digital transformation efforts.

Launched in May 2025, HUMAIN focuses on developing full-stack AI capabilities across next-generation data centers, high-performance infrastructure, advanced AI models—including the multimodal Arabic large language model ALLAM—and transformative AI solutions.