10:01 AM EDT, 09/03/2026 (MT Newswires) -- Saudi sovereign wealth fund Public Investment Fund-backed Humain plans to raise an initial $2.5 billion from investors for a fund to build data centers in Saudi Arabia, Bloomberg News reported Thursday, citing people familiar with the matter. The financing will reportedly be a mix of debt and equity. Banque Saudi Fransi's (SASE:1050) BSF Capital will manage the fund, which will help finance 250 megawatts of data center capacity that Humain is building in partnership with IT group Al Moammar Information Systems Co. (SASE: 7200), d/b/a MIS, the sources said, adding that the capacity could eventually scale up to as much as 1 gigawatt. Humain, MIS, and BSF Capital did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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