In a major step toward strengthening the global valuation profession, the Saudi Authority of Accredited Valuers (TAQEEM) has announced the official opening of the International Valuation Standards Council (IVSC) regional office in Riyadh, which will serve as the council’s hub for the Middle East and Africa.
The establishment of the regional office — supported by TAQEEM as IVSC’s strategic partner and primary backer — reflects Saudi Arabia’s growing leadership role in setting international benchmarks for transparency and professionalism in the valuation industry.
According to TAQEEM, the new IVSC office will enhance regional engagement, facilitate the adoption of International Valuation Standards (IVS), and promote independent and transparent valuation practices across key sectors, including capital markets, financial reporting, investment, and policymaking.
Eng. Faisal Al-Mandeel, CEO of TAQEEM, hailed the milestone as a sign of the Kingdom’s commitment to global best practices.
“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,” Al-Mandeel said.
Nicholas Talbot, CEO of the IVSC, said the Riyadh office highlights the growing importance of the Middle East and Africa in the global valuation landscape.
“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,” Talbot said.
The IVSC, an independent global standard-setter for valuation, develops and promotes principles-based International Valuation Standards to ensure consistency and credibility in asset valuation across industries and jurisdictions.
The Riyadh office will play a central role in supporting international collaboration, encouraging regional capacity building, and ensuring that valuation standards evolve in line with global financial and investment trends.
The move aligns with Saudi Vision 2030, which emphasizes strengthening regulatory frameworks, transparency, and international partnerships to bolster economic diversification and investor confidence.
