The Chief Executive Officer of the Saudi Authority for Accredited Valuers,
based on the powers entrusted to him by law,
after perusal of article 28(16) of the Law of Accredited Valuers issued by Royal Decree D/43 dated 9 Rajab 1433 [29 June 2012], which includes the authorisation of the board of directors of the authority to issue decisions and rules relating to the profession,
after perusal of article 28(10) of the Executive Regulation of the Accredited Valuers Law issued by the Minister of Finance Decision 107 dated 28 Muharram 1445 [15 August 2023], which includes the power to exempt from the availability of membership status to some of the valuers and those participating in the preparation of the value report,
and after perusal of article 8 (11) of the Regulation of Powers of the Saudi Authority for Accredited Valuers issued by the board of directors of the authority decision 3/B/23 dated 6 Muharram 1445 [24 July 2023], which includes the authority of the chief executive officer of the authority to issue decisions and rules relating to the profession, and the rules applicable to the relevant statutory provisions, including the authority to make exceptions stipulated in the executive regulation and the general rules of the fellowship certificate,
hereby decides
First
The Rules Governing Professional Certificates are hereby approved in the form attached.
Second
The rules must be published in the official gazette, and come into force from 1 January 2025, and repeal any decisions in conflict with them.
Engineer Faisal bin Bader Al-Mandeel Chief Executive Officer
Issued on: 18 Dhu Al-Hijja 1445
Corresponding to: 24 June 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.