HUMAIN has appointed Amal Dokhan, former 500 Global managing partner for MENA, to lead Limitless, a Saudi initiative designed to help local AI startups access computing infrastructure, capital and customers.
Dokhan joined HUMAIN full-time in October, according to her LinkedIn profile, while retaining a part-time partner role at 500 Global. She previously led early-stage investments and the Sanabil 500 MENA Seed Accelerator Fund.
HUMAIN CEO Tareq Amin has described Limitless as an accelerator program focused on investing in and supporting AI companies in Saudi Arabia. The initiative is separate from HUMAIN’s planned global venture fund, which was originally targeted at $10 billion.
The company has been recruiting staff for venture building, commercial partnerships and a digital platform for founders, according to FWDstart. The planned support appears to cover startup selection, seed investment preparation, enterprise pilots, procurement opportunities and benefits such as cloud credits.
Aramco disclosed that its investment in HUMAIN included a 49% stake in HUMAIN’s operating company and HUMAIN Limitless Fund LP, with the Public Investment Fund retaining 51% in both entities. Aramco contributed SAR9.892 billion, approximately $2.64 billion, in cash and AI assets, although the filing did not specify how much was allocated to the fund or its investment capacity.
Source: FWDstart
