Saudi artificial intelligence company Humain plans to go public within the next few years, its Chief Executive Officer Tarek Amin said, outlining ambitious expansion goals during the Future Investment Initiative (FII) conference in Riyadh.
Responding to a question from Asharq Al-Awsat during one of the forum’s sessions, Amin said the company is targeting an initial public offering (IPO) in three to four years.
At the event, Humain launched “Humain One,” which Amin described as the first fully integrated AI operating system, adding that the service is currently available to government entities in Saudi Arabia.
He said the company’s financial roadmap includes a dual-listing plan, expressing hope that Humain shares will be traded both on the Saudi stock exchange and the Nasdaq in the United States.
The move aims to bolster the company’s global standing and advance its strategic goal of becoming the world’s third-largest AI provider, reflecting confidence in Saudi Arabia’s market potential and its competitiveness in advanced technology sectors.
Amin said Humain One has already been deployed across all Saudi government agencies and is being piloted with three entities affiliated with the Public Investment Fund (PIF). He added that the company also plans to launch an AI infrastructure fund to support its expansion.
He noted that Humain is building large-scale capabilities, including data centers and high-capacity systems, while ensuring that the facilities are pre-booked before construction begins. He added that the company’s governance framework requires it to achieve a specific internal rate of return before projects are approved by the board of directors.
Amin voiced strong optimism about the company’s future, crediting his highly skilled and gender-balanced team, which he said is made up of 50 percent women and 50 percent men, with advanced academic qualifications that strengthen his confidence in Humain’s prospects.
In May, Crown Prince Mohammed bin Salman, who also serves as Prime Minister and Chairman of the Public Investment Fund, announced the establishment of Humain as a national company positioned to compete globally in artificial intelligence.
The new venture aligns with the Kingdom’s vision to become a global hub for innovation, infrastructure, investment, and talent in AI. Operating from Saudi Arabia, Humain aims to cover the entire AI value chain, develop and manage AI solutions, and invest in the broader ecosystem of the sector.
