Saudi Arabia records over 21,000 residency, labor, and border violations in latest inspections    PIF seeks to expand US investments despite restrictions, says governor Al-Rumayyan Saudi sovereign fund launched 103 companies across 13 sectors, aims to attract more foreign talent to Saudi Arabia    Saudi minister holds high-level talks at FII Miami to boost AI, tech, and space partnerships    Saudi Media Forum concludes with key industry partnerships and award recognitions    Hamas hands over six Israeli captives in latest prisoner exchange    US and Ukraine near deal granting US mineral rights in exchange for military aid    Israeli forensic institute confirms remains of hostage Shiri Bibas    Australia presses China for answers over reported live-fire exercises near its coast    Al-Ettifaq stuns Al-Nassr with late winner as Ronaldo protests refereeing decisions    King Salman: Our nation's path has remained steadfast since its founding    Imam Mohammed bin Saud: The founder of the First Saudi State and architect of stability    King Abdul Aziz: Founder of the Third Saudi State and leader of modern Saudi Arabia    'Neighbors' canceled again, two years after revival    Al-Tuwaijri: Not a single day has passed in Saudi Arabia in 9 years without an achievement Media professionals urged to innovate in disseminating Kingdom's story to the world    Proper diet and healthy eating key to enjoying Ramadan fast    Saudi Media Forum panel highlights Kingdom's vision beyond 2034 World Cup    AlUla Arts Festival 2025 wraps up with a vibrant closing weekend    Al Hilal secures top spot in AFC Champions League Elite, set to face Pakhtakor in Round of 16    Al-Ettifaq's Moussa Dembélé undergoes surgery, misses rest of the season    'Real life Squid Game': Kim Sae-ron's death exposes Korea's celebrity culture    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



IVSC Welcomes Saudi Authority for Accredited Valuers as New Member
Published in Saudi Press Agency on 24 - 02 - 2014

The International Valuation Standards Council (IVSC) is pleased to welcome the Saudi Authority for Accredited Valuers (the Authority) as a member.
In a statement to Saudi Press Agency (SPA), David Tweedie, Chairman of the IVSC Board of Trustees, said that "the Board of Trustees of the IVSC, and the organization as a whole, are pleased to welcome the Saudi Authority for Accredited Valuers as a member and look forward to working with them going forward."
"The IVSC's mission is to raise standards for valuation across the globe. This requires the combined effort of all those that conduct or rely on valuations and we are encouraged by the number of leading organizations that are contributing to ensure standards are set which can be adhered to globally," he added.
For his part, Esam Al-Mubarak, Secretary General of the Saudi Authority for Accredited Valuers, stressed that as the Saudi economy develops and grows, the challenges brought about by globalization demand that we adopt international best practices. The Authority considers the standards set by the IVSC to be a solid foundation for the valuation sector. The Saudi Valuation Standards, which will cover not only real estate, but also business, machinery and equipment, and personal property valuation, will comply with the requirements of the IVSs.
"The Authority looks forward to cooperating with the IVSC Boards and Advisory Forum, and participating in its ongoing work to develop the valuation profession and to raise awareness of the value of a professional valuation practice," he added.
Al-Mubarak confirmed that the Authority will prepare and develop valuation standards that comply with the International Valuation Standards (IVSs). "The Authority has also signed an agreement with the IVSC to translate the IVSs into Arabic," he said.
The Authority's membership of the IVSC indicates Saudi Arabia's increased recognition of the need for clarity and consistency in worldwide valuations, and shows the advancement of the IVSC globally as it continues to develop one set of high quality internationally recognized valuation standards.
--More
18:35 LOCAL TIME 15:35 GMT
تغريد


Clic here to read the story from its source.