Document background
The Revolving Facility Agreement is a fundamental financing document used when a borrower requires flexible access to funding over an extended period. It is particularly relevant in Qatar's growing economy where businesses need working capital and operational flexibility. The document must comply with Qatar law and Qatar Central Bank regulations, and can be structured to accommodate both conventional and Islamic financing principles. This agreement typically includes comprehensive provisions for multiple drawdowns and repayments, security arrangements, financial covenants, and reporting requirements. It is commonly used for working capital financing, general corporate purposes, and trade finance facilities in Qatar, and must address specific local law requirements regarding security, enforcement, and language requirements.
