Delighted To Welcome Saudi Aramco Chairman On Reliance Industries Board, Mukesh Ambani said at the 44th Annual General Meeting of Reliance Industries, while announcing that Yasir Al Rumayyan will join the board as independent director. Yasir Al-Rumayyan is the chairman of Saudi Aramco and Governor of the Kingdom’s wealth fund, Public Investment Fund. This move is likely to pave the way for a deal between the two petrochemical giants.
“He (Yasir Al Rumayyan) is one of the most renowned names in energy finance and technology globally. I am sure that we will immensely benefit from his rich experience with one of the world’s largest companies, and also one of the largest Sovereign Wealth Funds in the world,” Mr Ambani said.
NDTV had reported on June 24, quoting sources, that Yasir Al-Rumayyan would be inducted on the board of Reliance Industries.
Mukesh Ambani expressed optimism that Yasir Al Rumayyan’s induction onto the Reliance Board is the beginning of internationalisation of Reliance.
This is the second year in a row that the annual event is being held virtually amid the second wave of the Covid-19 outbreak.