Alwaleed Stake in Lucid Lifts Shares
Alwaleed stake in Lucid disclosure prompted a single-session rally and highlighted Saudi-backed confidence while tightening ownership and public float.
KEY TAKEAWAYS
- Schedule 13G reported 19,513,000 Class A shares, exactly 5.00% beneficial ownership.
- The filing certified the stake as passive and showed sole voting and dispositive power.
- Disclosure triggered single-session gains in the 20-29% range and tightened Saudi-linked ownership to mid-60%.
HIGH POTENTIAL TRADES SENT DIRECTLY TO YOUR INBOX
Add your email to receive our free daily newsletter. No spam, unsubscribe anytime.
Prince Alwaleed bin Talal’s disclosure of a sizable passive stake in Lucid Group Inc. (Nasdaq: LCID) sent the stock sharply higher, signaling a vote of confidence in the loss-making electric-vehicle maker amid ongoing restructuring and liquidity concerns.
Schedule 13G Filing Details
A Schedule 13G filing with the U.S. Securities and Exchange Commission dated July 28, 2026, reported that Prince Alwaleed beneficially owned 19,513,000 Class A shares of Lucid, representing exactly 5.00% of the company’s Class A common stock outstanding as of April 29, 2026. The filing, with a reportable event date of July 23, 2026, states that the prince holds sole voting and dispositive power over the shares and classifies the position as passive. It certifies the shares “were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.” No additional regulatory approvals were required for this minority public-market stake.
Market Reaction and Ownership Context
Following the disclosure, Lucid shares surged between 20% and 29% in a single session, reaching their highest levels since April. Valuation estimates of the stake vary: using a $6.50 prior closing price places it near $127 million, while calculations based on higher trading prices value it closer to $150–153 million.
The stock remains deeply depressed, down roughly 72–77% over the past 12 months and about 25–28% year to date, reflecting persistent operational and valuation challenges. A spokesperson for Prince Alwaleed said some shares were acquired during a recent price slump when Lucid’s market capitalization fell below $2 billion, with purchases possibly starting around June 25, 2026. The shares hit a near-record low of about $2.37 on July 14, 2026, following a 1-for-10 reverse split in August 2025.
This personal stake is separate from the Saudi Public Investment Fund’s (PIF) majority holding, which recent estimates place at about 57–60% through Ayar Third Investment Company, a wholly owned PIF subsidiary. Adding Alwaleed’s position pushes Saudi-linked ownership toward the mid-60% range, further concentrating control and reducing the public float.
No merger, acquisition, or take-private transaction has been disclosed. Lucid denied reports of considering Chapter 11 bankruptcy, stating it has sufficient liquidity for the upcoming year.
The disclosure comes amid Lucid’s operational restructuring, which includes cutting about 18% of its U.S. workforce, eliminating a production shift at its Arizona plant, and removing the chief operating officer role. Management expects these measures to yield roughly $158 million in annualized savings as it seeks to reduce costs and improve profitability.
The Schedule 13G filing’s certification that the shares “were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer” underscores the passive nature of the investment.
