UK-listed Gulf Keystone Petroleum said on Tuesday it will merge with Norway's ShaMaran Petroleum in a $601 million all-share deal, creating one of the largest oil producers in Iraq's Kurdistan region.
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Saudi Aramco is to take a 49 percent stake in Humain as it pledges billions of dollars to accelerate the AI company’s global expansion. Humain, backed by the Public Investment Fund, was launched ahead of US president Donald Trump’s visit to Riyadh in May…
Saudi Aramco has completed its acquisition of a 49 percent stake in artificial intelligence company Humain, formalising an agreement first announced in October 2025, in a transaction involving approximately SR9.9 billion ($2.6 billion) in cash contributions…
Saudi Arabia’s Public Investment Fund and Aramco announced on Sunday the closing of a transaction in which Aramco, through a wholly owned subsidiary, acquires a 49% stake in HUMAIN, with PIF retaining 51% ownership.
Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the company's rising profits and declining government oil revenue recorded in the state budget.
