Yasir Al Rumayen may join RIL board

New Delhi. In the Annual General Meeting of Reliance Industries Limited being held today, Saudi Aramco Chairman Yasir Al Rumayen may be announced to be included in the board of RIL. One of the pre-conditions of the $15 billion deal between Reliance Industries and Saudi Aramco is the inclusion of Yasir Al Rumayen on the RIL board. Yasser Al Rumayun is the chairman of Saudi Aramco as well as the governor of the Kingdom Wealth Fund Public Investment Fund.

Experts say that Yasir Al Rumayen may also be included in the board of directors of RIL’s subsidiary set up for O-2-C business. Saudi Aramco wants to buy 20 per cent stake in Reliance Industries’ O-2-C company. Reliance Industries had said in 2019 that the cost of its O-2-C business would be around $ 75 billion. On this basis, an investment of $ 15 billion has been offered by Saudi Aramco.

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According to experts, this deal of Reliance Industries with Saudi Aramco was going to happen only last year, but it could not be finalized due to Corona infection. In the month of July last year, at the 43rd AGM of Reliance Industries, Mukesh Ambani himself told that this deal was not possible due to the Corona crisis.

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