Saudi Aramco acquires 49% of HUMAIN with $2.6 billion cash injection

T2Covered by 1 source · first reported by MENA/Israel: Wamda / Times of Israel at 02 Nov, 12:35 UTC

Saudi Aramco has completed the acquisition of a 49% stake in Saudi artificial intelligence company HUMAIN, through a wholly owned subsidiary, while the Public Investment Fund (PIF) retains a controlling 51% stake. Under the transaction, Aramco will contribute approximately $2.6 billion (SAR 9.9…

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Sources

• T2Saudi Aramco acquires 49% of HUMAIN with $2.6 billion cash injectionMENA/Israel: Wamda / Times of Israel02 Nov, 12:35