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ISLAMABAD, October 09 (APP):The Saudi Authority of Accredited Valuers (TAQEEM) announced the official opening of the International Valuation Standards Council (IVSC) office in Riyadh as a regional center, marking a major milestone in the council’s commitment to advancing high-quality valuation standards across the Middle East and Africa.
According to SPA on Thursday, the establishment of the new office was supported by TAQEEM, the strategic partner and primary backer of the council, which plays a key role in boosting the valuation profession in Saudi Arabia.
The new regional office will enhance the IVSC’s presence in the Middle East and Africa, serving as a platform to engage with stakeholders locally and regionally, support the adoption of International Valuation Standards (IVS), and promote independent and transparent valuation in capital markets, financial reporting, investment, and policymaking.
TAQEEM CEO Eng. Faisal Al-Mandeel expressed pride in the milestone, saying: “TAQEEM is honored to support the IVSC in launching its regional office in Riyadh. This reflects our shared commitment to enhancing the valuation profession, promoting the best global practices, and ensuring valuation plays a vital role in driving economic growth, investment, and public trust.”
IVSC CEO Nicholas Talbot said; “We are delighted to open our regional office in Riyadh, underscoring the growing importance of the Middle East and Africa in the global valuation landscape. With TAQEEM’s strong support, we look forward to deepening our partnerships and advancing our mission of fostering transparent and consistent valuation practices worldwide.”
The Riyadh office will also support the council’s broader mission of building a global valuation profession founded on transparent, principles-based standards developed through international collaboration and public consultation.