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Some of the biggest names in global business and finance have canceled plans to attend an investment conference in Saudi Arabia next week because of the unexplained disappearance of prominent Saudi journalist Jamal Khashoggi.
Sources told CNN on Monday that Saudi Arabia is preparing to acknowledge that Khashoggi was killed during an interrogation that went wrong. Saudi authorities have so far maintained that Khashoggi left the consulate the same day of his visit, but have provided no evidence to support the claim.
The Saudi conference, known as “Davos in the desert,” is part of Crown Prince Mohammed bin Salman’s plan to transform the oil-dependent economy.
JP Morgan (JPM) CEO Jamie Dimon and the heads of America’s topinvestment firms — Blackrock (BLK) and Blackstone — are among the leading figures who have decided to stay away.Top executives at Ford (F) and MasterCard (MA) have also pulled out, and Google (GOOGL) said Tuesday that the head of its cloud computing business wouldn’t participate in the event either.
Three of Europe’s top bankers — the CEOs of HSBC (HSBC), Credit Suisse (CS) and Standard Chartered (SCBFF) — pulled out on Tuesday. The heads of the International Monetary Fund and the London Stock Exchange (LNSTY) also decided not to go. They were joined Wednesday by the chairman of BNP Paribas (BNPQY), France’s biggest bank.
The chief executives of several prominent Asian and European companies — some of whom have benefited from hefty Saudi investments — are still planning to attend, or are refusing to talk about their plans.
Here’s a list of big names who are still planning to participate:
US Treasury Secretary Steven Mnuchin
Siemens CEO Joe Kaeser
EDF CEO Jean-Bernard Lévy
Thales CEO Patrice Caine
These executives have not yet commented on whether they still plan to attend:
