Reliance AGM LIVE: Mukesh Ambani welcomes Saudi Aramco chairman on RIL board
Mukesh Ambani addressed the Reliance Industries Ltd’s (RIL) 44th AGM virtually.
Reliance AGM Updates: Addressing the Reliance Industries Ltd’s (RIL) 44th Annual General Meeting (AGM) virtually, Mukesh Ambani on Thursday welcomed Saudi Aramco chairman and head of Kingdom’s cash-rich wealth fund PIF, Yasir Othman Al-Rumayyan on the board of Reliance Industries. He will be an independent director in a precursor to a USD 15 billion deal between RIL and Saudi Aramco. Ambani also announced the launc of JIOPHONE NEXT, a smartphone jointly developed by Google and Reliance Jio.
Ambani, who had two years back disclosed talks to sell a 20 per cent stake in the company’s oil-to-chemical (O2C) unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company’s annual meeting of shareholders.
Harvard educated, Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed desire to retire, Ambani said at the company’s annual shareholder meeting.
