JEDDAH: Faisal Alsayrafi of Financial Transaction House (FTH) has earned the prestigious ASA designation. It is conferred by the American Society of Appraisers (ASA). Alsayrafi is the “first and only Arab investment banker” to complete and pass the ASA’s stringent experience and examination requirements.
Business valuation professionals with accreditation from the ASA enjoy one of the most prestigious and widely recognized US and international business valuation credentials offered. ASA business valuation analysts have been recognized and accorded expert status by a variety of both US and international courts and governmental agencies.
This prestigious credential earned places for Alsayrafi in the pinnacle of the business valuation profession. ASA members, as distinct from other credentialing organizations, require that its members have experience, education, and professional and ethical standards.
The meticulous ASA accreditation process ensures that ASA-accredited appraisers are accurate, impartial, and credible. They are educated and experienced in their fields and are respected members of their communities. Candidates are required to demonstrate five years of full-time experience in business valuation, complete a series of four three-day courses in business valuation as well as successfully finish a half-day test following each course. In addition, in their business valuation work, ASAs are required to adhere to clearly defined standards. The compliance of ASAs with these standards assures those who rely on their appraisals that there are standards for the techniques utilized and that the techniques are accepted in the professional community.
Overall, an ASA certified business valuator is to have undergone strict professional review offering accurate and high quality deliverables to the client.
FTH was the third corporate finance firm to be licensed by the CMA in Saudi Arabia. FTH has over 15 years of experience in arranging and advisory services, including IPOs, rights issues and M&A.
FTH is also a member of Global M&A, widely recognized as one of the world’s leading partnership of independent merger and acquisition houses, where FTH is the exclusive partner for the Gulf region and Yemen.
The fact that FTH is also the only firm with a certified ASA credential holder in the Kingdom marks another breakthrough for the business community in the Middle East.
