Saudi Arabia faces reality check as Wall Street heads to Riyadh - Reuters:
Wall Street’s heavy hitters are back in Saudi Arabia but the terms of engagement have changed.
The CEOs of Citigroup (C.N) and Credit Suisse (CSGN.S), as well as the heads of fund managers BlackRock (BLK.N) and BlackStone (BX.N) will be among those gathering in Riyadh next week for a glitzy investment conference, an event not attended by top financiers last year after the murder of Saudi journalist Jamal Khashoggi.
SoftBank (9984.T) founder and CEO Masayoshi Son will also attend the Oct 29-31 conference, two people familiar with the matter said, as the Japanese company seeks to raise funds for a second technology fund. The Saudi sovereign wealth fund contributed $40 billion to Softbank’s first technology fund.
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