On July 28, local time, Prince Walid, a member of the Saudi royal family and entrepreneur, submitted regulatory documents to disclose that he recently purchased 19.5 million shares of American electric vehicle manufacturer Lucid, which is equivalent to 5% of the company's shares, worth more than 120 million US dollars.

On July 28, local time, Prince Walid, a member of the Saudi royal family and entrepreneur, submitted regulatory documents to disclose that he recently purchased 19.5 million shares of American electric vehicle manufacturer Lucid, which is equivalent to 5% of the company's shares, worth more than 120 million US dollars.