Using the fair value or revaluation model option to measure property and investment properties

Saudi Central Bank
SAMA
Saudi Central Bank

Reference No.: 43034916 Date: 1443/04/18 Attachments: None

Circular

To Whom It May Concern, Dear Sir/Madam,

Subject: Using the fair value or revaluation model option to measure property and investment properties.

Reference is made to Capital Market Authority Circular No. (CMA/7/5/61) dated 2020/01/02, regarding allowing listed companies to use the fair value or revaluation model option to measure property and investment properties for financial periods beginning in 2022 or thereafter, along with related requirements.

We wish to confirm that local banks and financial institutions in the Saudi Financial Market (Tadawul) are required to use the fair value or revaluation model option to measure property and investment properties for financial periods beginning in 2022 or thereafter, along with the related requirements.

For your information and action. Yours sincerely,

Dr. Fahd bin Ibrahim Al-Shathri Deputy Governor for Supervision

Capital Market Authority Saudi Central Bank SAMA Saudi Central Bank

Distribution Scope:

• Local banks and financial institutions.

Note:
Reference No.: 43034916 Date: 1443/04/18 Attachments: None