Miahona

What moved

1. MiahonaM&A

   Miahona completes the acquisition of Shas Water

   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.

   Source: argaam.com Deal log entry

2. Saudi AramcoSovereign and funds

   Aramco completes its 49% stake in Humain

   about $2.6 billion (SAR 9.9 billion) in cash during 2026, plus AI, computing and digital assets

   InvestorsSaudi 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.

   Source: wamda.com Deal log entry

3. Public Investment FundSovereign and funds

   PIF raises $3 billion in SACE-guaranteed credit facilities

   $3 billion equivalent ($1.78 billion plus a EUR 1.035 billion green tranche)

   InvestorsSACE, 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.

   Source: arabnews.com Deal log entry

4. Capital Market AuthorityPolicy and regulation

   CMA approves new IPO rules on underwriting, orders and projections

   Underwriting agreements must be effective before book-building, orders become binding payment commitments, and prospectuses must carry forward-looking financial projections.

   Source: arabnews.com Deal log entry