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Company Resolution Form Template for Saudi Arabia

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Key Requirements PROMPT example:

Company Resolution Form

"I need a Company Resolution Form for our Saudi-based LLC to document the board's decision to appoint a new Chief Financial Officer and grant them specific signing authorities for banking transactions, to be effective from March 15, 2025."

Document background
The Company Resolution Form is a critical corporate governance document used in Saudi Arabia to document and formalize decisions made by a company's board of directors or shareholders. It is required under the Saudi Companies Law of 2015 and must adhere to specific legal requirements regarding content, format, and authentication. The document is essential for recording various corporate actions, from routine operational decisions to significant changes in company structure or governance. Company Resolution Forms are typically needed for major corporate events such as changes in capital, appointment of directors, approval of financial statements, or modifications to company bylaws. The document must be maintained in company records and may need to be submitted to government authorities, particularly the Ministry of Commerce, for certain types of decisions. Given Saudi Arabia's bilingual business environment, these forms often require both Arabic and English versions, with the Arabic version being the legally binding document.
Suggested Sections

1. Header Information: Company name, commercial registration number, and date of resolution

2. Meeting Details: Type of meeting (board/shareholder), location, time, and attendance details

3. Quorum Confirmation: Statement confirming that the required quorum was present as per the company's articles

4. Agenda Items: List of matters to be discussed and decided upon

5. Resolutions: Clear statement of each resolution passed, numbered sequentially

6. Voting Results: Record of how the vote was conducted and the results

7. Closure: Time of meeting conclusion and signature block

8. Authentication: Official company stamp and required legal attestations

Optional Sections

1. Proxy Representations: Required when shareholders or directors are represented by proxy

2. Dissenting Opinions: Include when there are formal objections to any resolutions

3. Related Party Disclosures: Required when resolutions involve transactions with related parties

4. Regulatory Compliance Statements: Include when resolutions require specific regulatory compliance confirmations

5. Previous Resolution References: Include when the current resolutions modify or relate to previous decisions

6. Arabic Translation: Required when the resolution needs to be submitted to government authorities

Suggested Schedules

1. Attendance Register: Detailed list of all attendees with their capacities and signatures

2. Power of Attorney Documents: Copies of proxy documents if any representatives were present

3. Supporting Documents: Any relevant documents referenced in the resolutions (e.g., financial statements, valuations)

4. Corporate Authority Matrix: Reference document showing authority levels for decision-making

5. Shareholder Information: Current shareholding structure and voting rights

6. Technical Reports: Any technical or expert reports relied upon for the resolutions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































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Relevant Industries

Financial Services

Manufacturing

Real Estate

Technology

Healthcare

Retail

Energy

Transportation

Construction

Professional Services

Telecommunications

Mining

Agriculture

Education

Hospitality

Relevant Teams

Legal

Corporate Governance

Board Secretariat

Compliance

Corporate Affairs

Administrative Affairs

Risk Management

Executive Office

Finance

Shareholder Relations

Relevant Roles

Chief Executive Officer

Board Director

Company Secretary

Legal Counsel

Corporate Governance Officer

Compliance Manager

Board Chairman

Managing Director

Chief Financial Officer

Corporate Affairs Manager

Legal Director

Shareholder Relations Manager

Risk Management Officer

Administrative Director

General Counsel

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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