Lucid appoints Turqi Al-Nowaiser as Chairman

Lucid Motors named Turqi Al-Nowaiser as new Chairman of the board of directors.

 

Al-Nowaiser serves as Deputy Governor and Head of the International Investments Division at the Public Investment Fund (PIF). He was a board member at Lucid and a member in several companies and committees of the PIF.

 

The Kingdom’s sovereign wealth fund owns about 67% of Lucid, which plans to build an electric vehicle factory in Saudi Arabia by year-end.

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