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With the sovereign fund retaining 51% of the company, Aramco acquires 49% of Humain for 9.9 billion riyals

Saudi Arabia ·

The Public Investment Fund and Saudi Aramco announced in a statement the completion of Aramco's acquisition of a 49% stake in Humain through a fully owned subsidiary. The fund keeps 51% of the company. The deal includes cash contributions of about 9.9 billion Saudi riyals (2.6 billion US dollars) in 2026.

Saudi Aramco is the state-owned oil company of Saudi Arabia, and the Public Investment Fund is the kingdom's sovereign wealth fund, which manages its major investments across several sectors.

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