• Bloomberg


The chief executive of Japan’s biggest bank has pulled out of Saudi Arabia’s financial conference, dubbed “Davos in the Desert,” joining a growing list of withdrawals following the killing of a government critic at the kingdom’s consulate in Turkey.

MUFG Bank Ltd. CEO Kanetsugu Mike won’t attend the Future Investment Initiative conference that begins Tuesday, spokesman Kazunobu Takahara said Sunday by phone, without giving a reason for his withdrawal. Eiichi Yoshikawa, deputy president of the unit of Mitsubishi UFJ Financial Group Inc., will go instead, Takahara said.

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