Will the Chairman of Saudi Aramco join RIL’s board? Wait for mega AGM

Saudi Aramco Chairman and Governor of the Kingdom’s wealth fund — Public Investment Fund (PIF) — Yasir Al-Rumayyan may be inducted on the board of Reliance Industries (RIL). This is a precursor to a $15-billion deal, said reports.

An announcement of Al-Rumayyan’s induction on the RIL board or the board of the newly carved oil-to-chemical (O2C) unit may come as early June 24 at the company’s annual shareholder meeting.

“RIL’s annual general meeting (AGM) has historically been a keenly watched event (previously attended by 3,000 shareholders when held in physical format and last year saw 300,000 concurrent viewers of the virtual AGM across 42 countries and 468 cities),