India's Reliance Industries approves appointing Yasir Al-Rumayyan as independent director

22/10/2021 Argaam

Saudi Aramco Chairman Yasir Al-Rumayyan

India's Reliance Industries Ltd (RIL) said more than 98% of its shareholders approved appointing Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director, Reuters reported.

 

RIL Chairman Mukesh Ambani earlier expected to formalize its partnership and the oil-to-chemicals deal with Saudi Aramco this year, according to data available with Argaam.

 

He added that Al-Rumayyan will join RIL as an independent director.

 

In April, RIL announced that it was in talks with Aramco for a sale of a 20% stake in its oil-to-chemicals business to Aramco, but the deal was delayed due to COVID-19 pandemic.

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