Article 11 of the Saudi Accredited Valuers Law

المادة 11 من نظام المقيمين المعتمدين

This article allows an individual accredited valuer to name their office provided the name includes their personal name, and requires them to display their license in a prominent place in the office.

Official text (Arabic)

This article has not been amended since the law was issued.

للمقيّم المعتمد - إذا كان شخصاً ذا صفة طبيعية - أن يضع اسماً لمكتبه، بشرط أن يكون مقروناً باسمه الشخصي . وعليه أن يضع الترخيص الممنوح له في مكان بارز من المكتب .

This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers

Article 11 explained in plain English

This article regulates two matters concerning an accredited valuer's office:

1. The office name

An accredited valuer who is a natural person may give their office a name.
The condition: the office name must be accompanied by their personal name.

The purpose is that whoever deals with the office knows the identity of the valuer responsible for it. An office may not bear a name that does not indicate its owner.

Note that this rule concerns the individual valuer. The text begins with the phrase “if they are a natural person”, and does not address the naming of offices of valuers who are legal persons.

2. Displaying the license

The accredited valuer must display the license granted to them in a prominent place in the office. This allows clients to verify that the valuer is licensed.

Relationship to other articles:

Article 10 requires the valuer to notify the Ministry in writing of the address of their office, of every change in it, and when opening any other branch.
Article 12 requires the valuer to put their name, license number and license date on all their printed materials, correspondence, reports and statements.

Together, these provisions aim at transparency, so that a client always knows which valuer they are dealing with and whether the valuer is licensed. Anyone who wishes to choose a name for their office and wants to confirm it complies can consult a lawyer who specializes in commercial cases.

Practical example

Khalid is an accredited valuer in Khobar who wants to name his office “Al Ufuq Valuation Office”. Under the article, he may name his office provided the name is accompanied by his personal name, for example “Al Ufuq Valuation Office, owned by Khalid ...”, and he must display his license in a prominent place in the office.

Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.

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