Saudi Aramco has signed a non-binding term sheet to acquire a small majority stake in the firm, a private investment firm backed by the public investment fund (PIF), the two said in a joint statement.
Under the agreement, PIF and Aramco and Aramco to combine their AI assets, skills and talent under Humpain to accelerate their growth and Saudi Arabia’s position as Global Profiles. The PIF will retain majority ownership of the company.
“The aim is to enable rapid scaling of Human services to capture value and accelerate its growth in the field of AI,” the companies said.
Yameed A. Deputy Governor of the Pif of A. NEDIAS and Head of Middle East and North Africa Investments will help “manage AI talents, and strengthen Saudi Arabia’s position as a competitive AI Hub in the world.
Aramco President and CEO Amin H. Nasser said the planned investment will strengthen the company’s leadership in industrial applications of AI and digital solutions. “Aramco is well positioned to capture the opportunities to meet the increased energy needs linked to the growth of AI, using advanced technologies to improve efficiency, reduce emissions,” he said.
Launched in May 2025, Humain develops full AI capabilities that plan next-generation data centers, high-performance cloud infrastructure and advanced AI models, including large multimodal Arabic language models. The Saudi Artificial Intelligence Company, a wholly owned subsidiary of PIF, has recently been transferred to consolidate national AI assets.
At the Future Investments Conference in Riyadh this week, Humoin CEO Tareq Amin said the company plans to go public within four to four years with listings in Saudi Arabia and the United States.
“In three to four years, this company needs to be listed,” Amin said, adding that Humain hopes to trade smartly on the nasdaq as well. He said the company is working on a single, AI-based application that allows users to interact with computers through natural voice commands, and aims to develop up to gigawatts of data.
Amin said Humain has partnered with Google and plans to announce a major collaboration with Amazon Web services, adding that they are also in talks with Opelai and California GROQ for joint projects.
The agreement between Aramco and PIF remains subject to regulatory documents, regulatory approvals and customary closing conditions.
