Business leaders cut ties with Saudi Arabia
Investment Initiative conference, and event nicknamed the “Davos of the Desert” that takes place Oct. 2325 in the Saudi capital, Riyadh.
“I'm very troubled by the reports to date about Jamal Khashoggi,” Khosrowshahi said. “We are following the situation closely, and unless a substantially different set of facts emerges, I won't be attending the FII conference in Riyadh.”
The decision could put Khosrowshahi and Uber in an awkward spot because Saudi Arabia's Public Investment Fund owns about a 5.6 percent stake in the ride-hailing app. The fund invested $3.5 billion 2016 as Uber was growing quickly.
The investment conference lists dozens of expected speakers, including JPMorgan Chase CEO Jamie Dimon, Blackrock Chairman Larry Fink and U.S. Treasury Secretary Steve Mnuchin, the latter confirming Friday that he will go.