Thursday 11 October 2018

Khashoggi case prompts Branson to suspend $1bn Saudi talks | Financial Times

Khashoggi case prompts Branson to suspend $1bn Saudi talks | Financial Times:

Richard Branson has halted discussions with Saudi Arabia’s sovereign wealth fund about a planned $1bn investment in Virgin’s space companies and suspended his participation in two advisory boards after the disappearance of Saudi journalist Jamal Khashoggi.

Several international executives and financiers were reviewing their commitments in Saudi Arabia on Thursday as governments elsewhere stepped up their demands for answers about Mr Khashoggi, but Sir Richard is the most prominent business leader to pull back.

In a statement, Sir Richard told the Financial Times that he had been “delighted” to accept two directorships involving tourism projects around the Red Sea because of his “high hopes” for Saudi Arabia’s government under Crown Prince Mohammed bin Salman.

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