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CFA-Led · IVS & IFRS Compliant · Riyadh & Jeddah

Business Valuation Saudi Arabia, Independent, CFA-Led, ZATCA-Compliant

Rigorous, IVS & IFRS-compliant business valuation for companies in Riyadh, Jeddah and across the Kingdom. Vision 2030 privatisation, family business succession, and PE-backed transactions, led by our senior CFA, CA and ACCA qualified team from our Dubai base.

Direct Answer

Business valuation in Saudi Arabia is the process of determining fair market value using internationally recognised methods, DCF, EV/EBITDA multiples, Net Asset Value, or Sum-of-the-Parts, compliant with IVS. Independent valuation is required for M&A and PE transactions, ZATCA Zakat and transfer pricing compliance, family business succession and partner buyouts, and giga-project supply chain financing. Corvian Advisory delivers IVS and IFRS-compliant reports from SAR 10,000, in 2–4 weeks.

Vision 2030
Diversification-Driven Demand
SAR 10K+
Fixed Fee From
2–4 Wks
Delivery
Credentials CFA, CA & ACCA Qualified Big 4 Trained IVS & IFRS Compliant ZATCA Zakat Ready Vision 2030 Context
Why Corvian

Saudi Arabia's Top Independent Business Valuation Expert

We built Corvian around one rule: the person holding the CFA and Chartered Accountant credentials does the work, not a delegate. That same Big 4-trained principal leads every Saudi engagement, translating ZATCA Zakat rules, Nitaqat compliance costs and Vision 2030 giga-project exposure into a number that holds up under scrutiny.

Saudi Context

Saudi-Specific Considerations

ZATCA Zakat and transfer pricing compliance incorporated in every valuation.
Nitaqat/Saudization compliance cost assessment for labour-intensive businesses.
Giga-project (NEOM, Qiddiya, Red Sea) supply chain contract dependency modelling.
Family business succession and Sharia-compliant structuring considerations.
Valuation Methods

How We Value a Business in Saudi Arabia

Income Approach

Discounted Cash Flow (DCF)

Five-year free cash flow forecast, discounted at a WACC calibrated to Saudi country risk and SAR/USD peg stability. Nitaqat compliance costs and giga-project contract risk built directly into the forecast.
Best for profitable Saudi businesses with 3+ years of trading history.
Market Approach

EV/EBITDA Multiples

Benchmarked against Tadawul-listed comparables and GCC precedent transactions, with a private company discount for illiquidity and size applied where relevant.
Most used for M&A, PE buy-side and sell-side mandates.
Asset Approach

Net Asset Value (NAV)

Mark-to-market of underlying assets, appropriate for Saudi holding companies, real estate businesses, and traditional trading houses.
Used for asset-heavy and family holding structures.
Diversified Groups

Sum-of-the-Parts (SOTP)

Common for multi-generational Saudi family conglomerates, each business line, real estate holding, or PIF-adjacent venture valued separately and aggregated.
Used for family groups and diversified conglomerates.
Transparent Pricing

Fixed-Fee Valuation Packages

Our business valuation fees in Saudi Arabia are fully transparent: fixed-fee tiers based on engagement complexity, agreed before work begins.

SME / Single-Entity
SAR 10K–20K
Straightforward single-entity valuations for Saudi SMEs and standalone businesses.
Mid-Market M&A
SAR 20K–35K
Full valuation for acquisition, sale, or fundraising mandates, including giga-project contract risk-adjustment.
Complex / Litigation / SOTP
SAR 35K–50K+
Multi-entity family conglomerates, shareholder disputes, and ZATCA transfer pricing documentation.
Our Promise: every engagement starts with a fixed fee agreed in writing before any work begins, no hourly billing, no scope creep.
Full Service Range

Every Valuation Service Available in Saudi Arabia

From business and equity valuation to intangible assets, IFRS financial reporting, and M&A transaction support. Every engagement is CFA-led, IVS-compliant, and fixed-fee.

Core Service
Business & Company Valuation
Full independent valuation for M&A, family succession, bank financing, and Zakat/tax compliance. From SAR 10,000. Learn more →
Growth Stage
Startup & Equity Valuation
Pre-revenue and early-stage valuations for Saudi startups raising from VCs and PIF-adjacent funds. Learn more →
Compliance
ESOP & Share-Based Compensation
IFRS 2-compliant valuations for Saudi employee share option programmes. Learn more →
IFRS 3 Service
Purchase Price Allocation (PPA)
Fair value allocation across acquired assets, liabilities, and goodwill post-acquisition. Learn more →
Annual IFRS
Goodwill Impairment Testing, IAS 36
Annual CGU-level recoverable amount assessments for IFRS-reporting Saudi companies. Learn more →
IP Service
Intangible Asset & IP Valuation
Patents, trademarks, brands, customer relationships and technology under IAS 38. Learn more →
Brand
Brand & Trademark Valuation
Independent brand equity assessment for licensing, M&A, and financial reporting. Learn more →
M&A Service
M&A & Acquisition Valuation
Buy-side and sell-side independent valuations for M&A transactions and deal structuring. Learn more →
IFRS Reporting
IFRS Financial Reporting Valuation
Fair value measurements for IFRS financial reporting under IFRS 9, IAS 40, IFRS 13. Learn more →
Purpose Valuation Type Standard Timeline
M&A Buy-Side or Sell-Side Business Valuation IVS 2–4 weeks
Post-Acquisition Accounting Purchase Price Allocation IFRS 3 3–5 weeks
Annual Auditor Requirement Goodwill Impairment IAS 36 2–3 weeks
Employee Share Options (ESOP) ESOP Valuation IFRS 2 1–2 weeks
Patent / Trademark Licensing IP Valuation IAS 38 / IVS 2–4 weeks
ZATCA / Transfer Pricing Tax Valuation OECD / IVS 2–4 weeks
Fundraising / VC Round Startup Valuation IVS / IPEV 1–2 weeks
Family Business Succession Business Valuation IVS 2–4 weeks
How We Compare

Corvian Advisory vs. Alternatives in Saudi Arabia

Firm Fee Structure CFA-Led Turnaround
Corvian Advisory
Boutique · CFA-led
Fixed feeAlways2–4 weeks
Big 4 Firms
Large network
Hourly / retainer, undisclosedRarely6–10 weeks
Generalist Accounting Firms
Broad, less specialised
Quote on requestSometimesVaries widely
Intangible Asset Valuation

Intangible Asset & IP Valuation in Saudi Arabia

Brand equity, customer relationships, patents, and proprietary software are real economic assets that must be identified, measured, and reported correctly under IFRS and IVS, particularly relevant for Saudi conglomerates diversifying under Vision 2030.

Patent & Technology Valuation
Relief-from-royalty and income approaches for Saudi patent holders and giga-project technology suppliers.
Brand & Trademark Valuation
Relief-from-royalty method per ISO 10668, for Saudi consumer brands and franchise systems.
Customer Relationships & Lists
Multi-period excess earnings method (MPEEM), critical for healthcare and financial advisory firms.
Software & Technology Platform Valuation
Cost-to-recreate, income, and market approaches for proprietary Saudi tech platforms.
Goodwill & Going Concern Value
Residual goodwill after intangible allocation, plus annual IAS 36 impairment testing.
Government Licence & Concession Valuation
Regulatory licences and giga-project concessions carry standalone economic value in Saudi M&A.
Illustrative Engagements

Saudi Arabia Valuation Experience

Family Business Succession
Riyadh · Family Conglomerate

Multi-Generational Family Business Valuation for Partner Buyout

A Riyadh-based family conglomerate needed an independent valuation to structure a buyout between second-generation shareholders, addressing minority discount and Sharia-compliant structuring.

Outcome
Both branches of the family accepted the valuation as the negotiation basis, avoiding a contested dispute.
PE Buy-Side
Giga-Project Supply Chain · Jeddah

Industrial Supply Chain Acquisition, Contract Risk-Adjusted Valuation

A GCC PE fund evaluated a Jeddah-based industrial supplier to NEOM-linked contracts. Our valuation risk-adjusted for contract renewal and Saudization compliance costs.

Outcome
Client renegotiated price down 15% reflecting contract concentration risk identified in our report.
ZATCA Compliance
Retail Group · Riyadh

Retail Group Valuation for Zakat and Transfer Pricing

A Saudi retail group needed valuations of subsidiaries for intercompany transfer pricing documentation to support ZATCA compliance.

Outcome
Documentation accepted by ZATCA-appointed advisors with no adjustments required.
Our Process

How a Business Valuation in Saudi Arabia Works

01
Initial Consultation

We discuss your business, purpose, timeline and data. Fixed-fee quote within 24 hours.

02
Engagement Letter

Signed letter confirms scope, fixed fee and timeline before work begins.

03
Data Room Review

3–5 years of financials, contracts and management accounts reviewed.

04
Analysis & Modelling

DCF, multiples, NAV, whichever methods are appropriate for the engagement.

05
Report Delivery

Final IVS-compliant report delivered with methodology and sensitivity analysis.

Sector Coverage

Sectors We Value in Saudi Arabia

SectorEV/EBITDA Multiple
Technology / SaaS10–17x
Financial Services8–14x
Healthcare7–13x
Industrial & Giga-Project Supply Chain5–9x
Real Estate & Construction5–8x
Logistics5–9x
F&B and Retail4–7x
Family Business / Traditional Trade3–6x
Frequently Asked

Business Valuation Saudi Arabia – FAQ

What is the cost or price of a business valuation in Saudi Arabia?
SAR 10,000 to SAR 50,000 depending on complexity, comparable to UAE pricing given cross-border delivery from our Dubai base.
How much is my business worth in Saudi Arabia?
Most Saudi businesses trade between 3–17× EBITDA, technology and SaaS attract the upper end, real estate, construction and traditional trading businesses the lower end. The exact figure depends on your EBITDA margin, revenue growth, giga-project or government-contract exposure, and deal structure. Online calculators aren't defensible to ZATCA, banks, or PIF-adjacent investors. An independent valuation normalises EBITDA, benchmarks against Tadawul-listed and GCC comparables, runs a DCF analysis, and reconciles the results into a documented opinion of value.
Do you provide business valuation services in Saudi Arabia?
Yes. As a business valuation company, Corvian Advisory provides business and company valuation, purchase price allocation (PPA), goodwill impairment testing, family business succession valuation, and intangible asset and IP valuation services in Riyadh, Jeddah, and across Saudi Arabia, delivered under IVS and IFRS standards and ZATCA-compliant.
Do you value companies in Riyadh and Jeddah?
Yes, we regularly value Saudi companies across major sectors, including family businesses navigating Vision 2030-linked growth and succession.
Is your valuation ZATCA-compliant?
Yes, our reports incorporate ZATCA transfer pricing and Zakat base considerations relevant to Saudi entities.
What is driving valuation demand in Saudi Arabia?
Vision 2030 privatisation, giga-project supply chain growth, and a wave of family business succession and PE activity.
How long does a Saudi Arabia valuation take?
Typically 2–4 weeks, delivered remotely with in-market data validation. Complex multi-entity or litigation engagements may take 4–6 weeks.
What valuation methods are used for Saudi businesses?
DCF for stable-earnings businesses, EV/EBITDA multiples benchmarked against Tadawul-listed and GCC comparables, Net Asset Value for asset-heavy and holding structures, and Sum-of-the-Parts for diversified family conglomerates.
Do you account for Nitaqat/Saudization costs?
Yes, labour-intensive businesses have Nitaqat compliance costs built directly into normalised earnings and margin sustainability analysis, not treated as a one-off adjustment.
Can you value giga-project supply chain businesses (NEOM, Qiddiya, Red Sea)?
Yes, we risk-adjust for contract renewal and concentration risk on giga-project-linked revenue, a critical driver of value for industrial and logistics suppliers to these programmes.
Do you provide valuations for family business succession?
Yes, a core mandate type. We provide independent, culturally attuned valuation for partner buyouts, generational transitions, and Sharia-compliant estate planning structures.
Will Saudi banks and PIF-adjacent investors accept your reports?
Yes, our IVS and IFRS-compliant reports are structured to the disclosure standards Saudi commercial banks, private equity investment committees, and PIF-adjacent funds expect.
What is the difference between enterprise value and equity value?
Enterprise value is the value of the whole business including its debt; equity value is what shareholders actually own, enterprise value minus net debt. We calculate both and explain the bridge in every report.
Do you value PIF portfolio or NEOM-linked companies?
Yes, including minority stake valuations, joint venture structuring support, and giga-project concession valuations that carry standalone economic value distinct from the underlying operating business.
Client Reviews

What Clients Say About Our Saudi Arabia Valuations

"Corvian's understanding of Saudi family business dynamics made all the difference in our succession valuation. Both family branches trusted the outcome."

Board Member
Family Conglomerate · Riyadh

"The contract concentration risk analysis on our supply chain acquisition target saved us from overpaying significantly."

Investment Director
GCC Private Equity Fund

"ZATCA-ready documentation, delivered on time, with no follow-up queries from our tax advisors."

CFO
Retail Group · Riyadh

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