Humane, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), announced a strategic investment in and partnership with Muzn, a company specializing in artificial intelligence solutions.

According to the statement, this partnership is one of the first strategic initiatives within the banking, financial, and insurance sectors and will contribute to accelerating the adoption of sovereign AI by financial institutions and government entities.

The jointly developed solutions will be offered through HUMAIN ONE’s AI Agents Marketplace, with the first jointly developed solutions and their applications being unveiled at LEAP Riyadh.

A wider commercial rollout of these joint solutions is expected in the second half of this year.

Tarek Amin, CEO of HUMAIN, stated that the partnership reflects the momentum in the Banking, Financial Services, and Insurance (BFSI) sector, which HUMAIN recently launched. He added that it represents one of their first strategic partnerships in this sector, as part of building an integrated ecosystem of partners to transform the financial services and government sectors through AI.

He further stated: “Our first investment in a Saudi company, through our partnership with Muzn, strengthens our ability to deliver AI solutions ready for deployment in highly regulated environments, achieving tangible operational impact and simultaneously expanding the availability of these capabilities in regional and global markets.”