Muscat, Sultanate of Oman – The Oman Banks Association (OBA), recently organized a 2-day workshop by the Royal Institution for Chartered Surveyors (RICS) to develop a unified and educated approach to Real Estate valuation for the Financial Sector in Oman.
The online event was attended by a number of senior bankers as well as representatives from the Central Bank of Oman and the Capital Market Authority. The program covered the following modules:
- Introduction to international valuation standards;
- Introduction to the 7-tier valuation framework;
- Residential & commercial valuation services; and
- Best practices in procuring valuation services.
The Royal Institution of Chartered Surveyors is a professional body promoting and enforcing the highest international standards in the valuation, management and development of land, real estate, construction, and infrastructure. RICS development and enforcement of leading international standards, endorsed by entities such as IMF, UN and the World Bank, protects consumers and businesses by ensuring the utmost level of professionalism and best practice is employed across the built and natural environment.
The Oman Banks Association is a non-profit professional association created to represent the banking sector, to promote Omani banking activities, coordinate with the Regulators on matters of policy and strategy, and to support banking excellence in Oman.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
