Board Minutes – Approval of Accounts

Document Summary

This document records the board’s approval of the audited financial accounts of the fiscal year to be passed at the upcoming annual general meeting for approval.

Description

According to article 27 of Federal Decree-Law No. 32 of 2021 On Commercial Companies, the company shall prepare annual financial accounts including the balance sheet and the profit and loss account.

For public joint stock companies, article 237 describes the procedure of preparing the accounts of the fiscal year of the company which shall be prepared by the board of directors. It stipulates that financial statements shall be approved upon signing them by the board members or by the chairman and the auditor.

This document includes the following sections:

1. Notice and Quorum
2. Declarations of Interest
3. Resolution
4. Close

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

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