In a landmark move for 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 organization’s central hub for the Middle East and Africa.
The establishment of the regional office — supported by TAQEEM as the IVSC’s strategic partner and primary backer — underscores Saudi Arabia’s rising influence in shaping international standards of transparency, credibility, and professionalism within the valuation industry.
According to TAQEEM, the new IVSC office will enhance regional engagement, promote the adoption of International Valuation Standards (IVS), and strengthen independent and transparent valuation practices across vital sectors, including capital markets, financial reporting, investment, and policymaking.
Eng. Faisal Al-Mandeel, CEO of TAQEEM, expressed pride in the milestone, highlighting its significance for Saudi Arabia’s economic transformation.
“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 marks an important expansion in the organization’s global footprint.
“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 stated.
The IVSC — an independent global standard-setter — develops and promotes principles-based International Valuation Standards that ensure consistency and integrity in asset valuation across markets and jurisdictions.
The Riyadh office is expected to become a regional center of excellence, driving collaboration, professional capacity building, and harmonization of valuation standards aligned with global financial and investment trends.
This strategic step also aligns with Saudi Vision 2030, which emphasizes regulatory modernization, transparency, and global partnerships to strengthen the Kingdom’s economic diversification and investor confidence.
