Riyadh, October 09, 2025(Kamran Raja): The Saudi Authority of Accredited Valuers (TAQEEM) announced the official opening of the International Valuation Standards Council (IVSC) regional office in Riyadh, marking a major milestone in strengthening high-quality valuation standards across the Middle East and Africa.
The establishment of the new office, supported by TAQEEM as the strategic partner and primary backer of the council, underscores Saudi Arabia’s leading role in advancing the valuation profession and promoting international best practices in the region.
The Riyadh regional office will enhance the IVSC’s presence in the Middle East and Africa, serving as a platform to engage with local and regional stakeholders, 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 achievement, stating:
“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 new office will further support the IVSC’s broader mission of building a global valuation profession based on transparent, principles-driven standards developed through international collaboration and public consultation.