Media Center – TAQEEM- IVSC

Supported by the Saudi Authority for Accredited Valuers "TAQEEM", the IVSC has announced the inauguration of its first regional office in Riyadh. This new office will serve as a key hub for advancing the valuation profession and promoting the adoption of the international valuation standards across the Middle East and Africa.

The inauguration of the Riyadh office came to fruition through the strong cooperation with TAQEEM, the strategic partner of IVSC and the leading supporter of efforts to elevate the profession in the Kingdom and the Gulf region. This milestone underscores the synergy between the IVSC regional and global role and TAQEEM role as the national regulator of the valuation profession.

The regional office is expected to significantly enhance the IVSC presence in the region by fostering closer cooperation with national and regional partners. This cooperation will encourage the application of international standards. These efforts will boost investor confidence and increase the efficiency of financial markets.

H.E., the TAQEEM CEO, Engineer Faisal Almandeel, expressed his pride in this achievement, saying: "TAQEEM is proud to support the IVSC in inaugurating its regional office in Riyadh. This step reflects our shared commitment to advancing the valuation profession, disseminating global best practices and ensuring that valuation plays its vital role in supporting economic growth, investment and building public trust."

For his part, Nick Talbot, CEO of the IVSC, said: "We are delighted to open our regional office in Riyadh, which highlights the increasing importance of the Middle East and Africa region in the global valuation landscape. With the great support from TAQEEM, we look forward to deepening our partnerships with various parties and furthering our mission of establishing transparent and consistent valuation practices worldwide."

The Riyadh regional office inauguration is a significant milestone in strengthening the IVSC global footprint while simultaneously solidifying the Kingdom position as a key hub for advancing the valuation profession and serving the markets of the Middle East and Africa.