Audit & Financial Valuation · AFV Musrefy Award 2026
Asset & Business Valuation Award
Honours accuracy, professionalism and transparency in valuing assets, businesses and enterprises.
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
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20%
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
Points
- ≥ 20 % 10
- 10 – < 20 % 40
- 5 – < 10 % 75
- 0 – < 5 % 100
Evidence
Case table with valuation reports and sale contracts or deal disclosures
-
15%
Accredited valuer share
Share of practising valuers holding valid membership or accreditation from the national authority, RICS or an equivalent body
Points
- 80 – < 100 % 100
- 60 – < 80 % 80
- 40 – < 60 % 50
- 0 – < 40 % 20
Evidence
List of valuers and their membership numbers
-
15%
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
Points
- Compliant with no material findings100
- Minor findings60
- Material findings0
Evidence
Review report or the authority's letter
-
15%
Second technical review
Share of 2025 valuation reports technically reviewed by a second accredited valuer before issue
Points
- 95 – < 100 % 100
- 80 – < 95 % 80
- 50 – < 80 % 50
- 0 – < 50 % 20
Evidence
Report register with the second reviewer's sign-off
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15%
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
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
-
10%
Report turnaround
Average working days from complete data and inspection to issuing the final report in 2025
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
-
10%
Largest client fee share
Fees from the largest single client as a share of total valuation fees in 2025; a lower share signals independence
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
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Done
Nominations open
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Upcoming
Nominations close
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Upcoming
Judging starts
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Upcoming
Judging ends
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Upcoming
Results announced
Times are in Asia/Riyadh (UTC+03:00).
Results
Results are announced only after final approval.