Al-Aman Investment Company to support IFA for the 9th time in Kuwait

04/10/2010 00:00 AST

Al-Aman Investment Company is pleased to support the Institute for Financial Analysts (IFA), in its offering, for the 9th time in Kuwait, the Certified Valuation Analyst (CVA) course, which is a pre-requisite for the CVA Certification. This comes as part of an exclusive partnership with the International Association of Consultants, Valuers and Analysts (IACVA) which is the first and only international association established to provide worldwide support to professionals who perform business valuations and valuations of intangible property of all kinds. This was stated in a press release on Sunday.

The CVA workshop will be offered in English from Oct.16-25, 2010. The CVA Certificate requirements consist of 35 hours of training, followed by a two-part examination; an exam and a valuation case study report. The training course focuses on the valuation of closely held businesses from both theoretical and practical perspectives. It provides participants with an opportunity to approach the valuation process and the various methodologies applied, as well as to comprehend the complexities surrounding the process and the strengths and weaknesses of the various approaches.

Offering the courses in Kuwait for the 9th time comes in recognition of the importance of corporate finance and business valuation specialization in the Middle East and the special role that Kuwait plays in leading the way in this field in the Gulf Cooperation Council (GCC). CVA is the only certification with focus on valuation of closely held businesses being offered in the region and is considered to be typical course for this part of the world where family businesses and private firms represent the dominant majority of companies. In this time of slowing economic and corporate growth, Kuwaiti companies are in pressing need to have in place the qualified talent that is skilled enough to take them through the restructurings and major strategic turnarounds being on the rise in this period.

Demand for inside experts as well as professional external consultants on the matters of valuation is thus peaking among Kuwaiti companies in quest of qualified insights and estimates of value for buyouts, mergers and acquisitions, privatizations, and other deals. Dr. Assem Safieddine, the Managing Director of IFA, emphasized the value of the CVA, "Each time the IFA provides the CVA to new candidates, we feel a growing satisfaction and fulfillment of the Institute's mission as we witness the benefits of the certificate being translated into tangible advancements in candidates' professional and career prospects. The CVA is the certificate of choice for all candidates seeking to prove their credentials and build a career in financial analysis and financial management, consulting, investment banking, private equity, or any other field in finance."

Commenting on the CVA prospects in Kuwait, Mohammed Al-Qahtany, Chief Executive Officer of Al-Aman Investment said, "We are glad at Al-Aman Investment to join hands with the IFA in offering the CVA in Kuwait. In light of our outlook for the corporate market in Kuwait and our views on the nature of deals in the horizon, we are confident that the CVA will allow its holders to take fast leaps in their careers. We are also confident that the benefits of the certificate will emerge to the market and economy front. Not only, the level of competence and international standards' skills will rise in the market, but fair and accurate valuations based on thorough asset and economic analysis and professional standards will play an essential role in avoiding any market wide mispricing of business assets and consequently in maintaining stability in the market."

Al Watan