{"id":422347,"date":"2021-06-25T08:42:03","date_gmt":"2021-06-25T03:12:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=422347"},"modified":"2021-06-25T09:37:35","modified_gmt":"2021-06-25T04:07:35","slug":"reliance-to-conclude-aramco-deal-this-year-aramco-rep-on-co-board","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-to-conclude-aramco-deal-this-year-aramco-rep-on-co-board\/","title":{"rendered":"Reliance to conclude Aramco deal this year; Aramco rep on co board"},"content":{"rendered":"<p>Saudi Aramco chairman and head of the Kingdom&#8217;s cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as a precursor to a USD 15 billion deal that is now expected to conclude this year.<\/p>\n<p>RIL chairman and Asia&#8217;s richest man Mukesh Ambani told shareholders that a deal to sell a 20 per cent stake in the company&#8217;s oil-to-chemical unit to Saudi Aramco was expected to conclude this year.<\/p>\n<p>Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said.<\/p>\n<p>&#8220;Despite several challenges due to COVID-19, we have made substantial progress in the past in our discussions (with Saudi Aramco),&#8221; he said. &#8220;I expect our partnership to be formalised in an expeditious manner during this year.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco chairman and head of the Kingdom&#8217;s cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as a precursor to a USD 15 billion deal that is now expected to conclude this year. RIL chairman and Asia&#8217;s richest man Mukesh Ambani told shareholders that a deal to sell a 20 per cent stake in the company&#8217;s oil-to-chemical unit to Saudi Aramco was expected to conclude this year. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. &#8220;Despite several challenges due to COVID-19, we [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-422347","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=422347"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422347\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=422347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=422347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=422347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}