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The Board Resolution For Buy Back Of Shares is a crucial corporate document used in the United Arab Emirates when a company decides to repurchase its own shares from the market or shareholders. This document is required under UAE Commercial Companies Law (Federal Law No. 2 of 2015) and must comply with SCA regulations for listed companies. The resolution is typically employed during share capital restructuring, market price stabilization, or excess cash utilization scenarios. It must detail the buyback program's specifics, including volume, price range, duration, and implementation methodology. The document serves multiple purposes: it evidences board approval, provides operational authority to corporate officers, demonstrates regulatory compliance, and forms part of the company's corporate records. For listed companies, this resolution is particularly important as it forms the basis for market notifications and regulatory submissions.

1. Header Information: Company name, commercial registration number, and meeting details including date, time, venue, and attendance

2. Attendance and Quorum: List of board members present, confirmation of quorum as per Articles of Association, and meeting chairperson

3. Preamble: Reference to relevant laws, Articles of Association provisions, and any previous board or shareholder resolutions relevant to the buyback

4. Background: Context for the share buyback decision, including business rationale and market conditions

5. Share Buyback Details: Specific details of the proposed buyback including number of shares, price range, and implementation period

6. Financial Considerations: Confirmation of company's ability to fund the buyback and impact on capital adequacy

7. Regulatory Compliance: Statements confirming compliance with UAE Commercial Companies Law and other applicable regulations

8. Resolution Statements: Formal 'BE IT RESOLVED' statements detailing each specific decision and authorization

9. Implementation Authority: Authorization of specific officers to execute the buyback and related documentation

10. Closing: Signatures of board members, company seal, and certification by board secretary