CEO of French group Thales pulls out of Saudi investment conference

Patrice Caine, Chairman and Chief Executive Officer of Aerospace and defence group Thales, attends a news conference with Gemalto in Paris, France

A spokesman for Thales added that the French company would nevertheless be represented at the event, due to be held in Riyadh from Oct 23-Oct 25, by Jean-Loic Galle, who is an executive at Thales’ space division.

The disappearance of Saudi journalist Jamal Khashoggi has raised concerns around the world.

Thales SA                                                                                   116.2
TCFP.PA Paris Stock Exchange                                              +1.50(+1.31%)
TCFP.PA

TCFP.PA AVMD.PA

Turkish officials have said they believe Khashoggi, a Washington Post columnist who was critical of the authoritarian kingdom’s Crown Prince Mohammed bin Salman, was murdered at the Saudi consulate in Istanbul on Oct. 2 and his body removed. The Saudis have denied the allegations.

The French state owns 26 percent of Thales while Dassault Aviation (AVMD.PA) has a 25 percent stake.

Source: Reuters