# Saudi deals in 60 seconds, week of 2 Nov 2026

> 4 Saudi moves from 2 Nov 2026 to 8 Nov 2026, led by Miahona. Sourced to the primary announcement.

Saudi deals in 60 seconds, 2 Nov 2026 to 8 Nov 2026. By Ali Asif. Public information only, not investment advice.

## What moved

1. **Miahona completes the acquisition of Shas Water** (Miahona, M&A): Amount: SAR 95.01 million, plus an earn-out of up to SAR 7.7 million. Miahona now owns 100% of Shas Water Services, which supports its water distribution business in Riyadh and industrial cities. [Primary source](https://www.argaam.com/en/article/articledetail/id/1949566)
2. **Aramco completes its 49% stake in Humain** (Saudi Aramco, Sovereign and funds): Amount: about $2.6 billion (SAR 9.9 billion) in cash during 2026, plus AI, computing and digital assets. Investors: Saudi Aramco, Public Investment Fund. PIF and Aramco announced the closing; PIF keeps 51% and Humain plans 3 GW of AI data center capacity by 2030. [Primary source](http://www.wamda.com/2026/11/saudi-aramco-acquires-49-humain-2-6-billion-cash-injection)
3. **PIF raises $3 billion in SACE-guaranteed credit facilities** (Public Investment Fund, Sovereign and funds): Amount: $3 billion equivalent ($1.78 billion plus a EUR 1.035 billion green tranche). Investors: SACE, 25 international banks. A PIF statement says the facilities support procurement from Italian suppliers and widen its funding sources, with the green tranche tied to its Green Finance Framework. [Primary source](https://www.arabnews.com/business/pif-raises-3bn-in-sace-backed-financing-to-expand-italian-business-ties-3009563)
4. **CMA approves new IPO rules on underwriting, orders and projections** (Capital Market Authority, Policy and regulation): Underwriting agreements must be effective before book-building, orders become binding payment commitments, and prospectuses must carry forward-looking financial projections. [Primary source](https://www.arabnews.com/finance/saudi-arabia-tightens-ipo-rules-requires-underwriters-to-purchase-all-offered-shares-3009611)

## My take

The Humain closing is the one with the longest tail, because it puts an energy company's operating data and a national AI platform under one roof. The CMA rules read to me like a market tidying its process before more listings arrive.

Canonical: https://heyaliasif.com/newsletter/2026-w45