Article 14 of the Saudi Accredited Valuers Law
المادة 14 من نظام المقيمين المعتمدين
This article requires an individual accredited valuer to sign their reports personally, and requires the report of a firm to be signed by the partner who took part in the valuation or actually supervised it, and prohibits delegating the signature.
Official text (Arabic)
This article has not been amended since the law was issued.
يجب أن يوقع المقيّم المعتمد نفسه تقارير التقييم التي يصدرها إذا كان المقيّم شخصاً ذا صفة طبيعية ، أما إن كان ذا صفة اعتبارية فيجب أن يوقع الشريك الذي شارك في التقييم، أو أشرف عليه فعلاً، ولا يجوز إنابة شخص آخر في التوقيع .
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 14 explained in plain English
This article sets who signs a valuation report, which is one of the most important safeguards of the seriousness of the valuation.
1. The individual valuer
If the accredited valuer is a natural person, they must sign personally the valuation reports they issue.
2. The valuation firm
If the valuer is a legal person, the report must be signed by the partner who:
- took part in the valuation, or
- actually supervised it.
It is not enough for any partner to sign it; it must be the partner who had an actual connection with the valuation.
3. Prohibition of delegation
Another person may not be delegated to sign. A valuer cannot authorize an employee or colleague to sign on their behalf.
Practical effect: the signature ties the report to a specific person who is responsible for it, so anyone who relies on the report knows who prepared or supervised it.
Relationship to other articles:
- Article 13 prohibits combining practice of the profession with work that conflicts with the conduct and ethics of the profession, as the Implementing Regulations determine.
- Article 15 requires the valuer to comply with the conduct and ethics of the profession, valuation standards and the technical standards issued by the Authority, and to provide the Ministry and the Authority with any information they request.
Anyone who has received a report signed by someone other than the valuer responsible for it can consult a lawyer who specializes in commercial or real estate cases.
Practical example
A valuation firm in Riyadh prepared a report valuing a factory, and one of the partners supervised the valuation, but the firm asked an administrative employee to sign the report on his behalf because he was busy. Under the article, the report must be signed by the partner who took part in the valuation or actually supervised it, and delegating the signature is not permitted.
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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Frequently asked questions about Article 14 of the Saudi Accredited Valuers Law
Who signs the valuation report in a valuation firm?
The partner who took part in the valuation or actually supervised it must sign it.
May a valuer authorize someone else to sign?
No. Another person may not be delegated to sign.
More articles on Duties of the Accredited Valuer
- Article 11
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.
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
- Article 12
This article requires the accredited valuer to put their name, license number and license date on all their printed materials, correspondence, reports and statements, and to provide the Authority with the necessary data on their activity as the Regulations provide.
على المقيّم المعتمد أن يضع اسمه ورقم ترخيصه، وتاريخه على جميع مطبوعاته ومراسلاته، وجميع ما يصدر عنه من تقارير وبيانات . وعليه أيضاً أن يزود الهيئة بالبيانات الل
- Article 13Amended (1441 AH)
This article prohibits an accredited valuer from combining practice of the profession with work that conflicts with the conduct and ethics of the profession, as the Implementing Regulations determine.
لا يجوز للمقيّم المعتمد الجمع بين مزاولة المهنة ومزاولة الأعمال التي تتعارض مع سلوك المهنة وآدابها، وفقاً لما تحدده اللائحة التنفيذية.
- Article 15
This article requires the accredited valuer to comply with the conduct and ethics of the profession, valuation standards, the Authority's technical standards and legal duties, and to give the Ministry and the Authority any information they request to verify their performance.
يجب على المقيّم المعتمد التقيد بسلوك المهنة وآدابها، ومعايير التقييم، والمعايير الفنية التي تصدرها الهيئة، والواجبات المحددة بموجب الأنظمة واللوائح التي تحكم عم
- Article 16
This article requires the core member of the Saudi Authority for Accredited Valuers to attend professional education programs as the Authority determines.
يلتزم العضو الأساسي بحضور برامج التعليم المهني وفق ما تحدده الهيئة .
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.