World

Aramco closes $2.6bn deal for 49% stake in Humain

RIYADH: Saudi Aramco has completed its acquisition of a 49 percent stake in artificial intelligence company Humain, formalising an agreement first announced in October 2025, in a transaction involving approximately SR9.9 billion ($2.6 billion) in cash contributions during 2026. The Public Investment Fund retains a 51 percent stake in Humain, while Aramco holds its interest through a wholly owned subsidiary. The transaction also involves Aramco contributing AI, computing and digital assets to th