The board of directors of the Saudi Authority for Accredited Valuers (Taqeem) adopted the Implementing Regulation of Automobile Damages Valuation the Kingdom on their 15th meeting that was held on Tuesday morning 11\9\1438 lead by His Excellency the Minister of Commerce and Industry Dr. Majid bin Abdullah Al-Qasabi. The Implementing Regulation aims to improve the organizational environment and raise employee's professionalism level in the profession of automobile damages valuation. A number of disciplines and requirements were set in the Implementing Regulation, including qualifying and training programs which will be provided to qualify and accredit automobile damage valuers.

The board commended Taqeem's efforts in managing the profession of automobile damages valuation and raising the professionalism level in the Saudi market. The program for the development of traffic damage assessment centers initiated and executed by Taqeem in cooperation with related authorities (General Department of Traffic,The Saudi Arabian Monetary Authority, insurance companies, accidents' valuers, engine parts suppliers, repair shops) was discussed. Moreover, the board reviewed the future plan for accrediting and supervisingthese centers.

The board also reviewed the new version of the online portal Qima and the services it provides including: training courses registration, membership and licenses applications and uploading valuation summaries online.

The board concluded the session by reviewing a report of Taqeem's performance during the last five months which included information about Taqeem's training courses which reached 40 training courses in the real estate and business valuation, 3 training courses for trainers of real estate valuation, a training course on the practical procedures of Eminent Domain in cooperation with the Board of Grievances and the Ministry of Municipal and Rural Affairs.

The report included information about Taqeem's membership that was given to 112 members in real estate valuation during the past five months and 47 members in business valuation. The board also discussed agreements that Taqeem's signed which reached 40 cooperation agreement with various entities and information about (Taqeem's consultation center) which provided 93 consultation services in real estate valuation for multiple governmental entities.