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HSBC sees little impact on Saudi Arabia investment after Khashoggi murder: CEO

Saudi Arabia is unlikely to see significant impact on its foreign trade and investment flows following the killing of journalist Jamal Khashoggi, the chief executive of Europe’s biggest bank HSBC said... “I understand the emotion around the story, but it is very difficult to think about disengaging from Saudi Arabia given its importance to global energy markets,” he said...But while many global companies made a show of protest by withdrawing their top executives from a high-profile investment conference in Riyadh last week, industry and banking chiefs seem likely to continue courting the kingdom and its oil wealth as before. While HSBC’s Flint pulled out of the conference, the lender’s investment banking chief Samir Assaf spoke onstage at the event. HSBC has played an increasingly active role in Saudi Arabia in recent years. Flint said the bank will remain supportive of its local affiliate in the kingdom, Saudi British Bank (SABB) 1060.SE...

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