Kuwait Finance House (KFH) announced organizing a series of training programs specialized in real estate valuation titled “The Valuator”, the first of its kind to be organized by a financial institution. The program is based on the latest technical and professional methods in the field and will be adopted as an accredited professional certificate locally and internationally by the competent authorities. It is a futuristic step forward to raise the competence of employees and interested individuals in the real estate valuation in the local market and hone their skills and experiences according to the best, latest, and approved professional standards.

The training programs contribute to business governance and performance improvement in line with the considerations and standards followed in this profession and approved by regulators. Moreover, the programs are targeted to regulate the real estate valuation activity, enhance the practice of this profession by preventing potential risks on real estate assets, in addition to controlling the real estate market and associated activities, including most prominently the real estate valuation.

The programs reflect KFH’s pioneering role in the real estate industry and its keenness to maintain properties and avert risks. It is worth noting that the programs are under KFH’s social and corporate responsibility to improve the work environment by meeting the technical and knowledge needs through conducting this type of training to professional and individuals interested in the real estate sector.

KFH Executive Manager – Real Estate Valuation, Ahmed Al-Farhan said that the programs include 6 areas including real estate valuation, trainees’ skills enhancement, development of the real estate market and related activities, as well as other factors and updates such as the multiple types of properties, jurisdictions of competent authorities, real estate transactions follow-up and the diversity of related legislations and decisions.

Al-Farhan stressed KFH’s interest to develop the mechanisms for real estate valuation due to its important role in maintaining the rights and assets of institutions, companies, banks and interested customers, in addition to averting any risks related to real estate financing by ensuring the governance of work in the real estate offices under unified and transparent methods and standards that avoid conflicts of interest to achieve growth and stability for real estate holdings that are vital to customers’ transactions and national economy.

He expressed confidence that these training programs would contribute to the stability and development of the local real estate market and the valuation process affecting the properties, which is crucial in the transactions of different types of properties, stating that the programs would make it easier for trainees to obtain accredited certificates that would make them achieve distinction at work.

Reaffirming KFH’s reputable knowledge in property valuation, Al-Farhan indicated that (KFH) has valuated 16358 real estates during 2021 for individuals, corporates, banks, and government institutions with a market value approximating KD 23.7 billion.