June 24, 2021
1 min read

Saudi Aramco chairman to join RIL Board

Addressing the Meeting, Ambani said that he expects RIL’s partnership with Saudi Aramco will be to be formalised in an “expeditious manner during this year”…reports Asian Lite News

In a major development in the much anticipate Reliance Industries, Saudi Aramco partnership, Yasir Al-Rumayyan, the Chairman of Saudi Aramco will join the RIL board as an Independent Director, announced RIL CMD Mukesh Ambani.

Addressing the 44th Annual General Meeting on Thursday, Ambani said that he expects RIL’s partnership with Saudi Aramco will be to be formalised in an “expeditious manner during this year”, after obtaining required regulatory clearances.

He said that Rumayyan’s joining the board is also the beginning of internationalisation of Reliance and more announcements on international plans of the company would come in times to come.

Further, RIL is set to disrupt the new energy business amid climate concerns.

“We have established the Reliance New Energy Council,” the CMD said.

Ambani also said that the company’s performance in FY21 exceeded expectations despite the ongoing pandemic.

Addressing the AGM he also commended the company and its employees for the humanitarian efforts during the pandemic.

ALSO READ: UNESCO lauds Saudi education portal

Previous Story

Pakistan likely to stay in FATF grey list

Next Story

UAE-based Indian national sanctioned for smuggling Iranian oil

Latest from -Top News

UK Govt Outlines New Approach at G20

UK is resetting its relationship with countries in the Global South and helping countries exit the need for aid The UK is resetting its relationship with countries in the Global South and

Cumbria project finalist in global river awards

Cumbrian River Restoration Partnership Programme selected as finalist in the Thiess International Riverprize Awards. Winner announced in Brisbane in September…reports Asian Lite News The Cumbrian River Restoration Partnership Programme has been named

AUKUS treaty deepens UK-Australia defence ties

Foreign Secretary and Defence Secretary in Australia alongside UK’s Carrier Strike Group – demonstrating government’s commitment to a free and open Indo-Pacific…reports Asian Lite News A new 50 year AUKUS treaty will

US Eyes Plan B for Gaza Ceasefire

The US negotiating team is returning home from Qatar for consultations upon Hamas’ latest response which he called “selfish”…reports Asian Lite News US Special Envoy to the Middle East, Steve Witkoff, has
Go toTop

Don't Miss

Saudi signs agreements worth over $4.2 billion

Saudi Arabia has signed more than 30 agreements and initiatives

Saudi launches e-visa for stop-over passengers

It allows for a four-day stay in the kingdom and