Aramco Acquires 49% HUMAIN Stake With $2.6B Cash, AI Assets

Saudi Arabia's Public Investment Fund (PIF) and Aramco announced on November 1, 2026, the closing of a transaction in which Aramco, through a wholly owned subsidiary, acquired a 49% stake in artificial intelligence company HUMAIN, with PIF retaining 51% ownership. Aramco acquired the stake by transferring key AI assets to HUMAIN and contributing approximately SAR 9.9 billion ($2.6 billion) in cash in 2026, according to the closing announcement published on Aramco's newsroom. The transaction...