RIL had inked an initial pact to sell a fifth of the unit that houses its oil refineries, petrochemical plants and fuel retailing business in August 2019, but the outbreak of global pandemic delayed the deal.
ExxonMobil is also being talked about as a potential bidder but the company is said to face its own financial problems.
The RIL and Aramco deal has been in the works for some time and doubts were raised on its early completion due to Covid-19 outbreak and lockdowns.
The global economic slowdown pushed Saudi Aramco’s net income for the second quarter down to $6.57bn, from $24.7bn in the same period last year.
For the first half of 2020, it has reported a net income of $23.2 billion, compared to $46.9 billion reported during the corresponding period a year ago, the company said in a statement.
Considering the ongoing pandemic crisis the world's biggest oil company had issued notices to shareholders to attend the meeting via digital conference.
The deal and its announcement came after Russia and Saudi Arabia ended their oil price war to control the plunging oil prices.
At a pre-trading auction earlier in the morning, bids for Aramco's shares reached the 10 per cent limit on stock price.
Trading of the shares is expected to commence after all relevant legal requirements and procedures have been completed.
Pompeo also called for sustained pressure on Iran until it negotiates a comprehensive agreement that includes halting its support to terror groups like PIJ.
