Lucid Group has raised an additional $1.5 billion to support ongoing operations, with $915 million being contributed by the Saudi Arabia Public Investment Fund. It keeps the Fund’s stake in ...
[Stay on top of transportation news: Get TTNews in your inbox.] Lucid Group Inc. is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public ...
The PGA Tour plans to distribute about 80% of $930 million worth of initial player equity grants in its newly formed company, ...
Saudi Arabia has scaled back its medium-term ambitions for the desert development of Neom, the biggest project within Crown Prince Mohammed bin Salman’s plans for diversifying the oil-dependent ...
Lucid Motors is raising another $1 billion from its biggest financial backer, Saudi Arabia, as it looks to blunt the high costs associated with building and selling its luxury electric sedan.
Dublin, April 05, 2024 (GLOBE NEWSWIRE) -- The "Saudi Arabia Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors ...
Saudi Arabia’s greenfield foreign direct investment (FDI) inflows more than doubled to $28.78 billion in 2023. The inflows surpassed the most recent peak of $17.57 billion of 2018 but are still below ...
Ayar Third Investment Co. will be able to convert preferred stock into about 280m shares Lucid is raising $1 billion in capital from an affiliate of Saudi Arabia's Public Investment Fund (PIF), it ...
RIYADH, March 28 (Reuters) - Net inflows of foreign direct investment (FDI) to Saudi Arabia reached 13.1 billion riyals ($3.49 billion) in the fourth quarter of 2023, up 16% from 11.4 billion ...
Lucid Motors is raising another $1 billion from its biggest financial backer, Saudi Arabia, as it looks to blunt the high costs associated with building and selling its luxury electric sedan. The ...