Global BV News: Three valuation firms enter Saudi market

BVWireIssue #233-3
February 16, 2022

global business valuation
intangible property, business valuation profession, global business valuation education, international business valuation

PricewaterhouseCoopers (PWC), Baker Tilly, and Land Sterling have entered the Saudi market, bringing the number of international valuers in the kingdom to nine, according to Saad Al-Baiz, director of communication at the Saudi Authority for Accredited Valuers (Taqeem). Their practices will include the valuation of real estate, businesses, and intangible assets, according to an article in Argaam, a financial news portal in the Arab world. Last November, Al-Baiz said that the total number of valuers accredited by the authority, who obtained membership in various branches (real estate, economic establishments, property and equipment, and vehicle damages) reached about 3,000 valuers, 87% of whom are Saudis, according to Argaam’s data.

Please let us know if you have any comments about this article or enhancements you would like to see.