Reliance AGM 2021: Saudi Aramco chairman to be on board of RIL

Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF, Yasir Othman Al-Rumayyan, will join the board of Reliance Industries as an independent director.

Saudi Aramco's chairman and head of the Kingdom's wealth fund Yasir Othman Al-Rumayyan was on Thursday invited by Reliance Industries Limited (RIL) Chairman Mukesh Ambani to join the conglomerate's board as an independent director. Ambani made the announcement during RIL's Annual General Meeting (AGM). This is being widely anticipated as a precursor to a $15 billion deal between RIL and Saudi Aramco, which is one of the largest companies in the world in terms of revenue.