Board Resolution For Declaration Of Dividend Template for Qatar

A Board Resolution For Declaration of Dividend is a crucial corporate governance document required under Qatar law whenever a company's board decides to distribute profits to shareholders. This resolution must be drafted in compliance with Qatar's Commercial Companies Law No. 11 of 2015, considering statutory reserve requirements and ensuring adequate distributable profits. The document is typically prepared following the approval of annual financial statements and includes specific details about the dividend amount per share, total distribution, record date, and payment mechanisms. For listed companies, additional requirements from the Qatar Financial Markets Authority must be incorporated. The resolution serves as both a legal record and a formal instruction to proceed with dividend distribution, protecting the interests of the company, its directors, and shareholders.

1. Title and Date: Formal heading identifying the document as a Board Resolution, including company name and date of the meeting

2. Attendance and Quorum: List of directors present and confirmation that the meeting has achieved the required quorum as per Articles of Association

3. Preamble: Reference to the company's incorporation, board's authority, and relevant Articles of Association provisions regarding dividend declarations

4. Financial Position Review: Statement confirming review of financial statements and confirming sufficient distributable profits

5. Legal Compliance Statement: Confirmation of compliance with Qatar Commercial Companies Law and other applicable regulations

6. Dividend Declaration: Formal declaration of dividend, stating amount per share, total amount, and eligible shareholders

7. Payment Details: Specification of payment date, method, and any applicable currency details

8. Closing and Authentication: Formal closing statement, space for Chairman's signature and company seal