TORONTO, CANADA — Mary-Jane Andrews, Past Chair of the iiBV, Lee Hackett, Chair of Council of Past Chairs of iiBV and Michael Badham, Executive Director of iiBV presented at the Taqeem Conference, “The Reality and Future of Business Valuation in KSA” in Riyadh on November 3 and 4. The conference agenda and materials can be found at www.taqeemevents.com.
Essam Bin Hamad Al-Mubarak, the Secretary General of Taqeem welcomed the delegates and introduced the role of Taqeem and purpose of the conference, thanking everyone for their work on the event. The Minister of Commerce and Trade, His Excellency Dr. Tawfiq Bin Fawzan Al Rabiah spoke of the importance of a strong valuation profession in the Kingdom of Saudi Arabia to support the growth and diversification of the economy.
There is desire for BV professionals to unify under a common education program based on the International Professional Standards (IPSs) developed by the International Valuation Standards Council (IVSC).
Soltan Aljorais, Vice President of Taqeem presented the draft of the BV regulations and then, with iiBV’s Michael Badham, jointly presented an overview of the education program for business valuers’ accreditation.
Participants included a wide range of 100 business valuers who are currently practicing in Saudi Arabia, the Middle East and Northern Africa region, and the Gulf States.
“The conference was an important opportunity for business valuers in Saudi Arabia to get together and begin to develop a BV ecosystem of professional valuers,” says Michael Badham, Executive Director of the iiBV. “It’s a great opportunity for Taqeem to lead other VPOs from over the world as to how to develop a quality professional accreditation and education program,” he added.
Starting in December, Taqeem’s education program begins with the first offerings of BV 200 and BV 201, which have been developed in conjunction with the iiBV and based on iiBV’s 100 and 101 courses. The first courses will be offered in Riyadh and Jeddah during the first two weeks of December. For more information please visit: http://taqeem.gov.sa/en/mediacenter/Announcements/Pages/Ann2.aspx
The iiBV will work with Taqeem to train Arabic speaking trainers and begin to translate the courses into Arabic.
The iiBV is also actively seeking member organizations that share a common vision of developing quality business valuation educations and recognize the value of a high standard for accreditation to build public trust and the credibility of the profession.
The iiBV can be found at www.iibv.org. For more information, please contact Michael Badham, iiBV Executive Director at firstname.lastname@example.org.