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Saudi Prince Alwaleed Purchases 5% Stake in Lucid Motors
1 day ago /
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Author：小编
Based on information from regulatory bodies and public sources, Prince Alwaleed, a billionaire member of the Saudi royal family, has secured approximately a 5% equity interest in Lucid Motors, an American electric vehicle manufacturer, investing a sum of $129.5 million. Prior to this move, the Saudi Public Investment Fund (PIF) already possessed around 45.4% of Lucid's shares. This latest investment further solidifies Saudi Arabia's overall holding in the company. Spurred on by this development, Lucid's stock price experienced a significant surge, climbing nearly 20%.
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