Finance Aramco chairman re-elected onto India’s Reliance board By Pramod Kumar June 24, 2024, 3:39 AM Reuters Aramco chairman Yasir Al-Rumayyan was first appointed to the Reliance board in 2021 for a three-year term Saudi Aramco chairman Yasir Al-Rumayyan has been reappointed as an independent director on the board of India’s Reliance Industries Limited. Nearly 84 percent of shareholders voted in favour while 16 percent voted against his reappointment for the five-year term, the company said in a filing with the Bombay stock exchange. NewsletterGet the Best of AGBI delivered straight to your inbox every week Al-Rumayyan was first appointed to the Reliance board in 2021 for a three-year term. His first term ends on July 18, 2024. Adia to invest $598m in India’s Reliance Retail Qatar in talks to invest $1bn in Reliance Retail Ventures UAE and Saudi funds plan to invest $1bn in Reliance unit In November 2021, Reuters reported that Reliance, owned by Indian billionaire Mukesh Ambani, and Aramco called off a deal for the latter to buy a stake in the oil-to-chemicals business of the former due to valuation concerns. Al-Rumayyan has been managing Saudi Arabia’s Public Investment Fund (PIF) since 2015 as the managing director, and later from 2019 as the governor of the fund, according to the Reliance website.