Middle East
Saudi Arabia· RiyadhSaudi Aramco Acquires 49% Stake in AI Company Humain for $2.6 Billion
Saudi Aramco has finalized a deal to acquire a 49% stake in the artificial intelligence company Humain for approximately $2.6 billion, marking a significant investment in the AI sector.
Background
Saudi Arabia is actively diversifying its economy beyond oil, a key component of its Vision 2030 plan. This involves significant state-led investments in technology and other sectors, with Saudi Aramco playing a central role in these strategic initiatives.
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Saudi Aramco Acquires Stake in AI Company Humain
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Saudi Aramco completed the acquisition of a 49% stake in AI company Humain, with the Public Investment Fund retaining majority ownership.
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