[UPDATE] Aramco closes purchase of 49% of HUMAIN from PIF for AI assets plus ~SAR 9.9B ($2.6B) cash
Aramco said on Nov 1 that a wholly owned subsidiary now holds 49% of HUMAIN, with PIF keeping 51%. Aramco is contributing AI, compute and digital assets plus about SAR 9.9B ($2.6B) in cash during 2026. The deal consolidates Saudi state AI assets behind HUMAIN's stated 3GW data-center target for 2030, a Gulf compute-demand signal. No value has been put on the transferred assets, so HUMAIN's implied valuation is unknown. Watch for chip-supply and offtake announcements. This is a single primary source: the company release.