The Authorised Signatory Letter is a crucial corporate governance document used in Saudi Arabia when a company needs to formally delegate signing authority to specific individuals. It serves as official evidence of an individual's power to bind the company in various transactions and dealings. This document is particularly important in the Saudi business context, where formal authorization must comply with strict legal requirements under Saudi Companies Law and Ministry of Commerce regulations. The letter typically requires official authentication and may need to be presented to government authorities, banks, and business partners as proof of authority. It's commonly used for both general business operations and specific transactions, and can be limited in scope, duration, or transaction value as per the company's requirements.
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1. Letter Header: Company letterhead, date, reference number, and formal addressing
2. Company Details: Full legal name of the company, commercial registration number, and registered address
3. Authorized Person Details: Full name, nationality, ID/Iqama number, and position of the person being authorized
4. Authority Grant Statement: Clear statement of the company granting signatory authority
5. Scope of Authority: Detailed description of the powers being granted and transactions covered
6. Duration of Authority: Validity period of the authorization
7. Authentication Details: Space for official stamps, notarization, and authentication requirements
1. Specific Transaction Details: Used when the authority is limited to specific transactions or projects
2. Financial Limits: Include when there are monetary limits to the signatory authority
3. Multiple Signatory Requirements: Used when joint signatures are required for certain transactions
4. Delegation Restrictions: Include when there are specific restrictions on further delegation of authority
5. Reporting Requirements: Used when the authorized person must report on actions taken under this authority
1. List of Authorized Transactions: Detailed list of specific transactions or types of documents the signatory is authorized to sign
2. Specimen Signature: Official specimen signature of the authorized person
3. Corporate Resolution: Copy of the board or shareholder resolution authorizing the grant of authority
4. Identity Documents: Copies of relevant ID documents of the authorized signatory
Relevant legal definitions
Clauses
Relevant Industries
Banking & Finance
Real Estate
Manufacturing
Trading
Construction
Healthcare
Technology
Retail
Energy
Transportation
Professional Services
Education
Telecommunications
Hospitality
Import/Export
Relevant Teams
Legal
Finance
Corporate Governance
Executive Leadership
Administration
Compliance
Risk Management
Operations
Corporate Affairs
Procurement
Relevant Roles
Chief Executive Officer
Managing Director
General Manager
Chief Financial Officer
Finance Director
Operations Director
Country Manager
Regional Director
Branch Manager
Department Head
Legal Counsel
Company Secretary
Board Member
Executive Director
Senior Manager
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