Independent valuation of shares and equity interests in UAE and GCC private companies. Used for shareholder disputes, buy-sell agreements, UAE Corporate Tax compliance, M&A transactions, DIFC and ADGM filings, and IFRS reporting. CFA-led. Fixed fee from AED 10,000.
· Corvian Advisory FZ-LLC, Dubai, UAE
Share valuation for a UAE private company comes up far more often than most business owners expect. Here are the situations we deal with most frequently.
When shareholders disagree on value in a buyout or deadlock situation, an independent CFA-led valuation gives both parties a defensible reference point — and provides expert evidence if the matter proceeds to DIFC or ADGM Courts.
Shareholder agreements often require an independent valuation to determine the price at which departing shareholders sell their stake. We price minority and majority interests using IVS-compliant methodology.
Share transfers between related parties must be at arm's length under UAE CT transfer pricing rules. An independent share valuation establishes the arm's length price and supports FTA compliance.
DIFC and ADGM entities require independent share valuations for capital restructuring, employee share plans, and regulatory submissions. Reports prepared to DIFC/ADGM standards.
Establishing a fair share price before M&A negotiations — whether you are the buyer or seller. An independent valuation grounds negotiations and reduces the risk of overpaying or underselling.
IFRS 3, IAS 39, IFRS 9, and IFRS 2 (share-based payment) require the fair value of equity interests to be measured independently. We prepare IFRS-compliant share valuations accepted by Big 4 auditors.
The right methodology depends on the business type, purpose of valuation, and whether we are valuing a controlling or minority interest. We apply IVS-compliant approaches with full methodology transparency.
Projecting the company's future free cash flows and discounting them at a risk-adjusted WACC. The primary method for businesses with predictable, recurring cash flows. Suitable for most UAE SMEs and mid-market companies.
Using EV/EBITDA, P/E, and revenue multiples from comparable listed companies and recent private M&A transactions in the same sector — calibrated to UAE and GCC market conditions.
Summing the fair value of all assets and subtracting all liabilities. Used for holding companies, investment vehicles, real estate-heavy businesses, and companies where asset values exceed earnings capacity.
When valuing shares below 50%, two discounts are commonly applied to arrive at the actual market value of the minority holding — distinct from the controlling interest value of the whole business.
A minority shareholder cannot control dividends, management decisions, or sale of the business. This lack of control reduces the per-share value relative to the controlling interest. Typical DLOC ranges from 15% to 35% in UAE private company contexts, calibrated to shareholder agreement protections and governance rights of the specific interest.
Private company shares cannot be sold on a public market — exits require negotiating with the other shareholders or finding a private buyer. This lack of liquidity reduces value further. DLOM is estimated using restricted stock studies, pre-IPO studies, and options-based models. Typical ranges are 15% to 30% for UAE private companies, depending on the transferability provisions in the shareholder agreement.
Fixed-fee, IVS-compliant share and equity valuations for disputes, M&A, UAE CT, and DIFC/ADGM filings. CFA-led. Delivered in 10–20 working days.