Treasury Secretary Mnuchin Pulls Out Of Saudi Investor Conference

Treasury Secretary Mnuchin Pulls Out Of Saudi Investor Conference

Treasury Secretary Steven Mnuchin announced Thursday he will not attend an investor conference in Saudi Arabia next week.

Mnuchin revealed in a post on Twitter that he decided to drop out of the conference after meeting with President Donald Trump and Secretary of State Mike Pompeo.

“Just met with @realDonaldTrump and @SecPompeo and we have decided, I will not be participating in the Future Investment Initiative summit in Saudi Arabia,” Mnuchin tweeted.

Mnuchin joins several other top executives and international finance leaders that have dropped out of the conference, including JPMorgan Chase (JPM) CEO Jamie Dimon and International Monetary Fund Managing Director Christine Lagarde.

The announcement by Mnuchin comes as Saudi Arabia continues to face considerable international pressure over the recent disappearance and apparent murder of journalist Jamal Khashoggi.

Mnuchin’s decision to skip the conference comes even as Trump continues to highlight Saudi King Salman and Crown Prince Mohammad Bin Salman’s strong denials of any knowledge regarding Khashoggi’s disappearances.

Trump has repeatedly argued investigations of the incident by Saudi and Turkish officials should be allowed to be conducted before drawing any conclusions.

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