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Lucid Group, US secures USD 1.5 billion from Public Investment Fund, Saudi Arabia
On August 5, Lucid Group, Inc. announced that the Public Investment Fund (PIF) committed USD 1.5 billion to the group. Ayar Third Investment Company, an affiliate of PIF, will purchase USD 750 million of convertible preferred stock via private placement, and provide for a USD 750 million unsecured delayed draw term l....
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