The Saudi Authority for Accredited Valuers (Taqeem) with the cooperation of the International Institute of Business Valuation IIBV opened the economic business valuation course on Monday , 30th of November, 2015 in Antour Hotel in Riyadh, and lasts to Thursday 3rd of December, 2015.
The course program includes general presentation for the basic valuation principles,and the standards that should be followed in the valuation process,with the functions and tasks of the valuation profession. On the other hand,the course deals with the qualitative environmental analysis and the quantitative financial analysis in valuation,and with more privacy addresses the means of costs, origin and market for calculating the value during the certain business valuation. In addition to touching on the ethics and the code of conduct that should be complied with during practising the profession.
The course is for all the current practitioners of the economic business valuation and the graduates of accounting, economics and finance, and the students in the final year of these fields of specializations.
Mr. Essam Al-Mubarak, the secretary general of the Saudi Authority For Accredited Valuers declared when he opened the course; “as we all know , the authority in its work focuses on four main branches of valuation , the real estate branch which we currently starts to issue the temporary memberships, and soon we will issue the licenses of practising the profession. Today and in parallel we start the first course of the economic business valuation,and in the near future we will start in the field of the owned and the movable vehicles and equipment,that is all in the framework of the Authority’s efforts to organize and promote the valuation profession”.
The secretary general of the Saudi Authority adds; “a similar another course will be held next week in the field of the economic business valuation in Jeddah city on the 7th of December and for four days, and registration is still open till now. We advise the employees and all interested people in the sector, or in any relative sectors to register in the course to know all the necessary items, standards and charters for the economic business valuation in all of its kinds, where passing it is one of the qualifying condition for getting the temporary membership of the economic business valuation”.
The law of the accredited Valuers was issued by the Royal Decree No. 43, dated May 30th, 2012 (9/7/1433 Islamic Calendar), which aims at organizing the valuation profession, arranging its work and defining the responsibilities of their employees.And through setting the necessary standards for the valuation of real estates, economic business, equipment, and movable property considering the process of valuation as the process of determining the true value of real estates, economic business, equipment, and movable property for specific purpose.
