Industry

Saudi Aramco chairman to join Reliance Industries board

Mukesh Ambani, Chairman and Managing Director of Reliance Industries. File   | Photo Credit: REUTERS

Reliance Industries Ltd said on Thursday Saudi Aramco Chairman Yasir Al-Rumayyan will join the Indian conglomerate's board.

"Al-Rumayyan joining our board is also the beginning of internationalisation of Reliance," Chairman Mukesh Ambani told shareholders on Thursday.

Harvard educated, Mr. Al-Rumayyan (51) will replace Yogendra P Trivedi (92) who has expressed desire to retire, Mr. Ambani said.

Reliance had announced a sale of a 20% stake in its oil-to-chemicals business for $15 billion in 2019 to Aramco, the world's top oil exporting firm.

However, the deal had stalled after oil prices and demandcrashed last year due to the pandemic.


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Printable version | Jul 28, 2021 10:56:15 AM | https://www.thehindu.com/business/Industry/saudi-aramco-chairman-to-join-reliance-industries-board/article34946335.ece

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