Saudi Arabia’s artificial intelligence company HUMAIN has started work on plans for a possible initial public offering, or IPO, only 16 months after its launch. The move marks a major step for the young AI business and adds a new name to the growing list of large technology firms that may enter public markets.
HUMAIN has started to form a specialist team for the IPO process. Chief Executive Officer Tareq Amin has called for experts with strong skills in management consulting, finance, strategy and investor relations. The team will help the company assess its business, shape its investment case and prepare for the demands of public markets.
The latest move does not confirm an IPO date. It also does not give a value for the possible share sale. However, the decision to create a dedicated team shows that HUMAIN has moved beyond a simple long-term ambition and has entered a more formal stage of IPO preparation.
A Young Company With Big Plans
The Public Investment Fund, or PIF, launched HUMAIN on May 12, 2025. The company aims to create a full AI ecosystem in Saudi Arabia. Its work covers data centres, cloud systems, AI models and software products.
HUMAIN also has a clear focus on Arabic AI. One of its key products, Allam, aims to support Arabic language use and Saudi cultural needs. The company also launched HUMAIN Chat, which uses the Allam 34B model.
The speed of HUMAIN’s growth stands out. The company has moved from a new state-backed AI venture to a business with major global technology partners, large data centre plans, AI products and technology investments in just 16 months.
Major Technology Partnerships
HUMAIN has built links with some of the world’s largest technology firms. Its partners include Nvidia, Amazon Web Services, Qualcomm, AMD, Microsoft, Cisco and Adobe.
Nvidia became one of its early major partners. In May 2025, HUMAIN announced a project with Nvidia that could reach 500 megawatts over five years. CEO Tareq Amin also set an ambition for HUMAIN to reach 1.9 gigawatts by 2030.
Amazon Web Services also announced a joint investment of more than $5 billion for an AI Zone in Saudi Arabia. The two companies later expanded their relationship through HUMAIN One, a platform that aims to help businesses adopt AI.
Qualcomm also became an early partner. The two companies agreed to work on advanced data centres and hybrid AI services. Their relationship later grew to cover AI chips and enterprise computers.
Data Centres Form a Key Part of the Plan
Data centres form one of the most important parts of HUMAIN’s business model. AI systems need huge amounts of computing power, which creates strong demand for large facilities, advanced chips and reliable power.
HUMAIN has announced several data centre projects across Saudi Arabia. One partnership with Center3, a digital infrastructure company owned by stc, aims to create data centre capacity of up to 1 gigawatt. The first phase has a capacity of 250 megawatts.
HUMAIN also partnered with DataVolt for a data centre at Oxagon in NEOM. The first phase of that project will have about 100 megawatts of capacity. Another project with Together AI could add 250 megawatts, while other plans could take the company’s total capacity much higher.
The scale of these projects helps explain why HUMAIN needs deep financial and strategic expertise before an IPO. Large AI infrastructure projects require major capital, long-term contracts and careful financial planning.
HUMAIN Has Built More Than Infrastructure
HUMAIN’s business goes beyond data centres. The company has also created AI products for consumers and businesses.
Its Allam model places Arabic at the centre of its AI strategy. HUMAIN Chat gives users access to the model through a dedicated service. The company has also introduced AI computers, including the Horizon Pro and Horizon Ultra.
Horizon Ultra aims to run AI models on the device while also using cloud power when extra computing capacity is required. HUMAIN plans to release a version that runs on its own operating system in 2027.
HUMAIN One targets businesses. The platform uses AI agents to handle tasks and work processes. Microsoft has also agreed to make Allam available through its AI ecosystem and to work with HUMAIN on enterprise solutions.
A Major Investment in xAI
HUMAIN has also made a major bet on another AI company. In February, it announced a $3 billion investment in xAI as part of a funding round.
That deal gave HUMAIN a significant minority stake in xAI. Later, the stake changed into shares in SpaceX after SpaceX acquired xAI.
The move shows that HUMAIN does not only want to create its own AI products. It also wants access to major AI technology businesses through direct investments and partnerships.
This wider strategy could become an important part of the story that HUMAIN presents to future investors. A public market will want to see how all these assets, partnerships and projects can create long-term value.
IPO Plans Do Not Mean an Immediate Listing
The latest IPO move should not create an expectation of an immediate stock market debut. HUMAIN has not announced a firm date or the size of a possible share sale.
The company had earlier set a time frame that extends to 2029 for possible listings on the Saudi stock exchange and Nasdaq in the United States. That target gives HUMAIN more time to expand its business, build a financial record and show results from its large AI projects.
This point matters for investors. A company can start IPO work long before it actually sells shares to the public. HUMAIN now needs to build the financial story, business data and corporate structure that public investors will expect.
Financing Adds More Importance
HUMAIN’s IPO plans come at a time when the company has major capital needs. The company has plans for large data centres and advanced computing systems across Saudi Arabia.
Bloomberg sources reported that HUMAIN plans to raise $2.5 billion for a fund that would invest in Saudi data centres. The fund could support 250 megawatts of capacity that HUMAIN plans with Al-Moammar Information Systems. The capacity could later rise to 1 gigawatt.
Reuters also reported in May that HUMAIN had selected Goldman Sachs to advise on a financing package worth at least SR20 billion, or $5.33 billion. The package could support data centres and GPUs with capacity of up to 2 gigawatts.
These figures show the size of the capital required for HUMAIN’s wider plan. The IPO could eventually give the company another route to capital, although the current announcement does not confirm that the share sale will fund any specific project.
A Test for Saudi Arabia’s AI Ambition
HUMAIN has a much larger role in Saudi Arabia’s technology plans than a normal young AI company. PIF created the business as part of the Kingdom’s effort to build a major AI sector and reduce its reliance on oil.
The company aims to place Saudi Arabia among the world’s leading AI infrastructure hubs. CEO Tareq Amin has said that the ambition is for Saudi Arabia to become the world’s third-largest country for AI infrastructure, after the United States and China.
A successful IPO could give that strategy a major public-market test. Investors would have to decide how much value they see in HUMAIN’s data centres, AI models, products, partnerships and technology investments.
What Comes Next
The creation of an IPO team gives the clearest signal yet that HUMAIN has started serious work toward a possible public share sale. Yet several major details remain unknown, such as the IPO size, share price, exchange, timetable and valuation.
For now, the main fact remains clear: PIF launched HUMAIN in May 2025, and just 16 months later the company has begun formal work on a possible IPO.
Its rapid expansion has produced a large network of global technology partners, major data centre plans, AI products and a $3 billion xAI investment. The next stage will show whether HUMAIN can turn that rapid expansion into the financial strength and business record that public investors demand.
The possible IPO could become a major event for Saudi Arabia’s technology sector. It could also give global investors a direct way to gain exposure to the Kingdom’s fast-growing AI ambitions. For HUMAIN, the road to a public market has now moved from a future goal toward a more concrete corporate process.
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