19 Sha'aban 1445 - 1 March 2024
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Saudi Authority for Accredited Valuers (TAQEEM)

Saudi Authority for Accredited Valuers (TAQEEM)

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Government Sectors > Authorities

Due to the utmost need to enhance the valuation profession in the Kingdom of Saudi Arabia which is considered a vital element to secure public savings and fund assets, the Law of Accredited Valuers was issued pursuant to Royal Decree no. (m/43), dated (09/07/1433H) defining valuation as the process which determines the fair value of real estates, economic establishments, equipments or properties of different types for a specific purpose.

The significance of the valuation profession lies in its need in many sectors, such as banks, insurance companies, real estate companies and state bodies in charge of expropriating ownerships. Valuation leads these sectors to important economic decisions, such as purchasing, selling, acquisition, merger, inheritance and partnerships division, disputes settlement, compensations, determining investment feasibility and substitution and the like.

Contact Saudi Authority for Accredited Valuers (TAQEEM)

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