Kuwait, 16 May 2026: Kuwait International Bank (KIB) announced joining the International Valuation Standards Council (IVSC), marking a strategic step that reflects its ongoing commitment to advancing the real estate services ecosystem and enhancing the quality of property valuation in line with the highest international standards.
This move builds on KIB’s position as one of the leading financial institutions in providing integrated real estate solutions, including financing, advisory, valuation, and real estate asset management. These services are supported by an advanced digital infrastructure that improves operational efficiency and fosters high levels of transparency and professionalism within Kuwait’s real estate market.
KIB’s membership in IVSC marks a <a href="https://middleeastdaily.net/kib-celebrates-kuwaiti-champions-achievements-during-the-first-week-of-the-4th-gcc-games-in-doha/”>first for Kuwait’s banking sector, as the first bank to join the international organization. This milestone aligns with the Bank’s strategy to build effective global partnerships that support the development of the real estate sector and enhance its investment appeal, while advancing the adoption of best professional practices in property valuation and real estate advisory.
Commenting on the occasion, Eng
Fahad Al-Saleh, Senior Manager of Real Estate Advisory and Digital Solutions at KIB’s Real Estate Department, stated: “Our membership in the International Valuation Standards Council marks a significant step reflecting our commitment to upholding the highest standards of transparency and professionalism in property valuation. The adoption of International Valuation Standards (IVS) enhances the reliability of real estate valuations and studies, while supporting investment and credit decisions on robust professional foundations. It also contributes to improving the efficiency of Kuwait’s real estate market and aligning it with global best practices.”
Al-Saleh added: “We believe that adopting international standards directly enhances investor confidence in the real estate market, supports the stability of the financial sector, and mitigates financing and investment risks. Through this membership, we are also committed to playing a pivotal role in advancing the valuation profession in Kuwait by promoting knowledge transfer, building capabilities, and strengthening collaboration with regulatory bodies, as well as academic and professional institutions.”
He also highlighted that the Bank would support the adoption of international valuation standards in Kuwait by organizing professional conferences and seminars, as well as developing specialized training programs in collaboration with academic institutions. It will also enhance dialogue with regulatory bodies and contribute to fostering a more transparent and professional valuation environment.
The IVSC is an independent, non-profit organization dedicated to enhancing the quality of the valuation profession and building public trust in its outputs through the development of international standards grounded in transparency, professionalism, and global applicability.
These standards form a core component of the global financial system, underpinning the preparation of financial statements, regulatory compliance, and the support of financing activities and financial instruments, as well as a broad range of investment transactions. They also establish a clear professional framework that ensures valuers’ competence and adherence to the highest levels of objectivity and independence, thereby reinforcing the reliability of valuation practices across markets.
It is worth noting that this achievement underscores KIB’s position as a leading institution in the real estate and financial sectors, as well as its active role in supporting the development of an advanced investment environment in Kuwait. This role is grounded in transparency, professionalism, and neutrality, and driven by the adoption of best international standards. This, in turn, serves all relevant stakeholders and strengthens investor confidence both locally and internationally.