He said dividends for those owning shares in Aramco, which listed on the local bourse in 2019, would remain stable. The Saudi government still owns 98% of the firm.
The Houthis, who have been battling the coalition since it intervened in Yemen's civil war in March 2015, recently stepped up cross-border missile and drone attacks on Saudi Arabia.
Saudi Arabia, under its Vision 2030 reform plans, has encouraged foreign investment particularly in the technology sector and courted Silicon Valley players.
The collaboration taps into rapidly expanding demand for cloud services in Saudi Arabia,
Some 40 tons of high-grade blue ammonia already dispatched for use in zero-carbon power generation, a successful demonstration of the supply network from Saudi Arabia to Japan.
The behemoth, recently dethroned by Apple as the world's most valuable listed company, posted a net profit of $6.6 billion for the three months to June 30 compared to $24.7 billion for the same period of 2019.
Aramco has told Reliance that refining margins are terrible and are expected to remain subdued in Q3 at least, so they can't pay the price they have agreed pre-COVID,
Reliance would wait for the market to recover rather than settling for a "drastic" revaluation of the asset.
Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal (with Saudi Aramco) has not progressed as per the original timeline.
Reliance shares fell more than 6% after Ambani's comment on the Aramco deal. The shares closed down 3.8% at 1,844 rupees each.
"Combined, in 2019 Aramco and SABIC recorded petrochemicals production volume of nearly 90 million tonnes," one of the world's largest, the company said.
The cuts were mainly for medium and heavy grades, the sources with knowledge of the matter said. Three of the sources said that their July cuts was smaller than what they had received in June.