Document background
A Company Resolution To Borrow is a crucial corporate document required when a company in Qatar seeks to obtain financing or enter into credit arrangements. This document is essential for demonstrating to financial institutions that the company has properly authorized the borrowing through appropriate corporate governance channels. It must comply with Qatar Commercial Companies Law No. 11 of 2015 and relevant banking regulations, particularly when the borrowing involves significant amounts or requires specific security arrangements. The resolution typically follows a board or shareholder meeting where the borrowing is approved and includes details about the approved facility, authorized signatories, and any specific conditions or limitations on the borrowing power.
