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Saudi Aramco Chairman reappointed independent director on RIL board

The Morning Standard

|

June 23, 2024

THE majority of shareholders of Reliance Industries (RIL) have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years.

- EXPRESS NEWS SERVICE

However, over 16% shareholders voted against the proposal.

The shareholders through a postal ballot approved reappointment of Al Rumayyan as well as appointment of Haigreve Khaitan as independent directors on the board, RIL said in a stock exchange filing. They approved reappointment of long-time company executive P MS Prasad as a director for another 5 years. The resolution for reappointment of Al Rumayyan was carried with 83.97% voting in favour of the resolution.

About 16.02% voted against it, the filing showed.

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