ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Companies

Masayoshi Son will not speak at Saudi conference

SoftBank CEO with close ties to Mohammed bin Salman joins wave of cancellations

SoftBank CEO Masayoshi Son, left, and Saudi Arabian Deputy Crown Prince Mohammed bin Salman, chairman of the Public Investment Fund.

TOKYO -- Masayoshi Son, chairman and CEO of Japan's SoftBank Group, is canceling his speech at a major investment conference in Saudi Arabia.

Many executives from around the world have decided not to participate in the Future Investment Initiative, following the killing of Saudi journalist Jamal Khashoggi.

A spokesperson for the Riyadh event, which got underway earlier on Tuesday, said there is a possibility Son will still attend.

The Wall Street Journal had earlier reported that Son would not speak at the event.

After the Saudi journalist was killed in the Saudi consulate in Istanbul on Oct. 2, executives, including the CEO of U.S. ride-share giant Uber Technologies, canceled plans to attend the Future Investment Initiative.

The Saudi government-backed Public Investment Fund is putting up nearly half of SoftBank's 10 trillion yen ($89 billion) Vision Fund. The country is strengthening its ties with SoftBank and its portfolio of growing tech companies under the fund as part of its bid to reduce its economy's reliance on crude oil sales.

A SoftBank spokesperson did not immediately respond to a call from Nikkei.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media