KIB hosts dinner for the International Valuation Standards Council on the sidelines of its Third Real Estate Forum

On the sidelines of its Third Real Estate Forum, Kuwait International Bank (KIB) hosted a dinner for members of the Kuwait Real Estate Valuers Association and representatives of the International Valuation Standards Council (IVSC), marking the latter’s first official visit to Kuwait. Held at the Four Seasons Hotel, the event was part of the Bank’s ongoing efforts to promote transparency and efficiency in the real estate sector, a key pillar of the state’s national economy.

The high-profile gathering reaffirmed KIB’s position as a key partner in the development of the real estate sector, particularly in the field of property valuation. It also highlighted the Bank’s active role in supporting investors and fostering a stable and reliable business environment reflecting its ongoing commitment to innovation and the adoption of international best practices across all its initiatives.

The dinner brought together representatives from KIB’s Real Estate Department; Vice Chairman of the Kuwait Real Estate Valuers Association Emad Al Faraj; Regional Director of IVSC for the Middle East and Africa Mostafa Elkaliouby; as well as members of both the Kuwait Real Estate Valuers Association and IVSC. The event served as an opportunity to exchange expertise and strengthen collaboration.

The dinner was part of KIB’s broader efforts to strengthen its relationship with the IVSC and to foster future collaboration aimed at exchanging international expertise and implementing global best practices in Kuwait’s real estate valuation sector. This commitment reflects the Bank’s dedication to supporting the development of an advanced and reliable valuation environment, enhancing efficiency and transparency across all real estate operations, and ultimately serving investors while reinforcing the stability of the local market.

The IVSC is an independent, non-profit global organization headquartered in London and serves as the leading authority for establishing and developing international valuation standards. The Council works to enhance the quality of the valuation profession by issuing comprehensive professional standards and providing guidelines that promote transparency, trust, and credibility in valuation practices worldwide. It also serves as a global platform that brings together practitioners, experts, and regulatory and professional bodies to foster a fairer and more reliable valuation environment.