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Audit & Financial Valuation · AFV Musrefy Award 2026

Asset & Business Valuation Award

Honours accuracy, professionalism and transparency in valuing assets, businesses and enterprises.

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How this award is scored

Evaluation
100% automatic, from the data and evidence you submit
Minimum score to win
70 / 100
Measurement period
The last full financial year (2025); for accuracy, valuations issued in 2024 and 2025 that were followed by an actual transaction

Who can apply

  • A valuation firm licensed by the competent valuation authority in its country
  • Valuations issued under International Valuation Standards or approved national standards
  • Valid professional indemnity insurance at the required minimum
  • No final material regulatory or judicial sanction against the nominee during the measurement period

Indicators and weights

  1. Valuation-to-price deviation

    Median absolute deviation between the valuation and the actual sale price of the asset or business within 12 months of the valuation date, across all 2024 and 2025 valuations followed by a transaction known to the firm (not a selected sample), with at least 10 cases and the compliance officer's declaration that the list is complete

    20%

    Points

    • ≥ 20 % 10
    • 10 – < 20 % 40
    • 5 – < 10 % 75
    • 0 – < 5 % 100

    Evidence

    Case table with valuation reports and sale contracts or deal disclosures

  2. Accredited valuer share

    Share of practising valuers holding valid membership or accreditation from the national authority, RICS or an equivalent body

    15%

    Points

    • 80 – < 100 % 100
    • 60 – < 80 % 80
    • 40 – < 60 % 50
    • 0 – < 40 % 20

    Evidence

    List of valuers and their membership numbers

  3. External report review result

    Result of the latest review by the authority or an independent party of a sample of valuation reports within 24 months

    15%

    Points

    • Compliant with no material findings100
    • Minor findings60
    • Material findings0

    Evidence

    Review report or the authority's letter

  4. Second technical review

    Share of 2025 valuation reports technically reviewed by a second accredited valuer before issue

    15%

    Points

    • 95 – < 100 % 100
    • 80 – < 95 % 80
    • 50 – < 80 % 50
    • 0 – < 50 % 20

    Evidence

    Report register with the second reviewer's sign-off

  5. Upheld complaints per 1,000 reports

    Upheld complaints or disciplinary actions against the firm or its valuers per 1,000 reports issued in the last 24 months

    15%

    Points

    • ≥ 10 per 1,000 reports 5
    • 3 – < 10 per 1,000 reports 35
    • 1 – < 3 per 1,000 reports 70
    • 0 – < 1 per 1,000 reports 100

    Evidence

    Authority's statement or complaints register

  6. Report turnaround

    Average working days from complete data and inspection to issuing the final report in 2025

    10%

    Points

    • ≥ 30 days 15
    • 14 – < 30 days 45
    • 7 – < 14 days 75
    • 0 – < 7 days 100

    Evidence

    Practice management system report with data-complete and issue dates

  7. Largest client fee share

    Fees from the largest single client as a share of total valuation fees in 2025; a lower share signals independence

    10%

    Points

    • 35 – < 100 % 10
    • 20 – < 35 % 40
    • 10 – < 20 % 70
    • 0 – < 10 % 100

    Evidence

    Chartered accountant's certificate on fee distribution

Each indicator gives 0 to 100 points; its share of the total is its weight. Ties are decided by the indicators listed first in the scorecard; payment or package never affects the score.

Cycle timeline

  1. Done

    Nominations open

  2. Upcoming

    Nominations close

  3. Upcoming

    Judging starts

  4. Upcoming

    Judging ends

  5. Upcoming

    Results announced

Times are in Asia/Riyadh (UTC+03:00).

Results

Results are announced only after final approval.

Finalists and winners will appear here once the results have been approved and published.