Saudi Prince Alwaleed Bin Talal acquires 5% stake in luxury EV maker Lucid
GLOBALLucid
Kingdom Holding Company, chaired by Saudi Prince Alwaleed Bin Talal, has purchased a 5% stake in American electric vehicle manufacturer Lucid Group. This significant investment further deepens Saudi Arabia's financial ties to the premium EV brand, which already counts the Saudi Public Investment Fund as its majority owner.
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