24
Jun
Yasir Othman Al-Rumayyan, the chairman of Saudi Aramco and the head of the Kingdom's cash-rich wealth fund PIF, will join the board of Reliance Industries Ltd as a preliminary to a USD 15 billion acquisition that is now expected to close this year. RIL chairman and Asia’s richest man Mukesh Ambani told shareholders that a deal to sell a 20 per cent stake in the company’s oil-to-chemical unit to Saudi Aramco was expected to conclude this year. “Despite several challenges due to COVID-19, we have made substantial progress in the past in our discussions (with Saudi Aramco),” he said. “I…