Sir Richard Branson and Virgin Group are severing their business relationships with the Kingdom of Saudi Arabia.
In a blog post on Virgin Group’s website, Branson announced that Virgin Galatic and Virgin Orbit will suspend its business dealings with the Public Investment Fund of Saudi Arabia.
The decision to cut business ties with Saudi Arabia comes after the disappearance of the journalist Jamal Khashoggi from the Saudi Consulate in Turkey last week.
Sir Richard Branson and Virgin Group are severing their business relationships with the Kingdom of Saudi Arabia and its leader Crown Prince Mohammed bin Salman following the disappearance of Saudi journalist Jamal Khashoggi in Turkey last week.
In a blog post on Virgin Group’s website, the company’s founder announced that Virgin Galatic and Virgin Orbit will suspend its discussions with the Public Investment Fund of Saudi Arabia.
“What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of any of us in the West to do business with the Saudi Government,” Branson said in the post. “We have asked for more information from the authorities in Saudi and to clarify their position in relation to Mr. Khashoggi.”
In addition, Branson will also suspend his association with two tourism projects on the Red Sea.
Khashoggi has not been seen since visiting the Saudi Consulate in Istanbul last Tuesday to pick up marriage documents. Turkish authorities believe the Washington Post columnist and critic of the Saudi Arabian Government was killed in the consulate. The 59-year-old had been living in exile.
Here is Sir Richard’s blog post in its entirety:
I had high hopes for the current government in the Kingdom …read more
Source:: Business Insider