YASIR AL-RUMAYYAN, chairman of Saudi Aramco, has been reappointed as an independent director on the board of Reliance Industries Limited (RIL), an Indian conglomerate headquartered in Mumbai.
According to a filing with the BSE, approximately 84 per cent of shareholders supported his reappointment for a five-year term, while 16 per cent voted against it.
Al-Rumayyan initially joined the Reliance board in 2021 for a term of three years. His first term concludes on July 18.
Read: India’s Aether Industries enters pact with Saudi Aramco Technologies
In November 2021, a Reuters report indicated citing sources that RIL, owned by Indian billionaire Mukesh Ambani, and Aramco decided to cancel a deal that involved Aramco's potential acquisition of a stake in Reliance's oil-to-chemicals business, citing concerns over valuation. The bill was worth $15 billion (£11 billion).
Read: Reliance-Aramco proposed deal worth £11b shelved
Al-Rumayyan, 54, is the governor of Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, since 2015, and is also the chairman of English football club Newcastle United since 2021.
Let’s stop shaming Genzfor switching jobsI see a lot of ‘career gurus’shaming 22-year-olds for switching jobs every year.But isn’t that exactly what the youth should be doing? 🤔Early in our… | Anupam Mittal | 561 comments 
