Saudi Authority for Accredited Valuers

The Saudi Authority for Accredited Valuers, known as "Taqeem", is the entity responsible for regulating the valuation profession in the Kingdom of Saudi Arabia. This encompasses various fields, such as real estate, business, and damage to vehicles, machinery, and equipment, as well as precious metals and gemstones valuation. It is also concerned with the enactment of valuation laws and legislation, in addition to training and preparing valuers. This aims to contribute to establishing an investment-friendly environment, aligned with the objectives outlined in Saudi Vision 2030.

Established in 2012, Taqeem is headquartered in the capital, Riyadh. It has a legal personality, an independent budget, and a board of directors concerned with managing its affairs and achieving its objectives. The board is chaired by the Minister of Finance.

The Accredited Valuers Law, the code of ethics and professional conduct for valuers, the implementing regulations of the Accredited Valuers Law, the membership roster of Taqeem, and the overarching rules for Taqeem's fellowship certificate collectively serve as the foundational legal framework for the functioning of Taqeem. As stipulated in Article No. 22 of the Accredited Valuers Law, Taqeem is categorized as a non-profit organization

Taqeem has various roles and responsibilities, including regulating the valuation profession, setting the necessary standards and legislation, advancing the valuation profession and the standard criteria, enhancing the professionalism, technical competence, and ethical standards of its employees, qualifying and approving valuators to practice the valuation profession and monitoring their performance, activating professional control over licensed members and establishments in accordance with international valuation standards, bolstering public trust in the valuation profession and upgrading its level, and determining the rules necessary for the fellowship certification examinations across all valuation branches.

Taqeem's tasks also include organizing training courses, participating in local or international conferences and meetings related to valuation, preparing research and studies, issuing periodicals, valuation books, and related publications, conducting field control procedures to verify valuators' compliance with applicable standards, providing continuous vocational education services, and offering training and qualification courses through Taqeem Academy.

Taqeem, via its digital platform, offers a range of e-services designed to facilitate convenient and rapid access for its users. Qaym system, an initiative by Taqeem, is dedicated to electronically connecting beneficiaries of valuation services with accredited valuation centers. Other e-services include Qima, Taqdeer, and the Service Manual, which outlines the necessary procedures for successful completion.