Babson Reviews Saudi Ties

October 29, 2018

Babson College, which stands to earn more than $50 million for its partnership helping establish a new college in Saudi Arabia, is re-examining its Saudi ties following the killing of the dissident journalist Jamal Khashoggi in a Saudi consulate in Turkey, The Boston Globe reported.

Babson’s president, Kerry Healey, said the college is “greatly concerned” by Khashoggi’s death and that the Board of Directors for the college and for its wholly owned subsidiary, Babson Global, are evaluating the situation. “Both have been meeting with their memberships and the administration to thoughtfully assess information and input we have gathered as this matter continues to develop,” Healey wrote in a letter to faculty and staff. “These deliberations are ongoing and focused on ensuring the college’s activities and affiliations remain aligned with our core values and global educational objectives."

Financial disclosure documents show that Babson expected to receive $52.2 million over 10 years starting in 2014 for a partnership to help establish the Prince Mohammad Bin Salman College, named for the Saudi crown prince. Harvard University and the Massachusetts Institute of Technology, each of which have received more than $20 million in donations from Saudi Arabia since 2005, have also said they are reviewing their Saudi ties in the wake of Khashoggi's killing.

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