Business

Reliance shareholders pass resolution to add Saudi Aramco chairman as director

Reliance Industries Ltd said on Thursday that a required majority of its shareholders have passed the resolution to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director to the conglomerate’s board, Business Standard reported.

As per the report, a little over 98% of the total votes polled on the resolution were in favour of Al-Rumayyan’s addition, Reliance said in a statement. The announcement comes a day ahead of RIL’s Q2 results. Al-Rumayyan has been the governor of the Public Investment Fund of Saudi Arabia since 2015.

In September, Reliance Industries Ltd said Yasir Al-Rumayyan met all regulatory criteria for his appointment as an independent director.

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