We value holding companies with subsidiaries, minority investments, financial assets and property, relying on specialist valuers for underlying physical assets where needed.
Situations
When UAE clients ask for this valuation
- 1Shares in a family holding company are being transferred or redistributed.
- 2A holding company is being restructured or moved into a foundation.
- 3An investor in the holding company needs a fair value.
- 4Related-party transfers of the holding company's shares require market value.
Who asks us
Typical clients
- Family offices
- Holding company boards
- Wealth and tax advisers
What we value
The subject of the valuation
Holding companies owning operating businesses, minority stakes, listed and unlisted investments, and real estate.
Our method
How we reach the figure
We value each underlying holding on the appropriate basis and aggregate them, then consider holding-level debt, costs and taxation. For holdings of shares in the holding company itself, we consider whether a discount from net asset value is warranted given control and liquidity.
| Asset | Sum of the underlying holdings, net of holding-level items | Usual starting point |
|---|---|---|
| Income | Earnings-based values of operating subsidiaries | Cross-check |
| Market | Listed investments at market price | Where relevant |
Value drivers
Points that move the value
- Underlying values
- The value of each subsidiary, investment and asset.
- Holding-level items
- Borrowings, guarantees and running costs.
- Control and liquidity
- Whether the holding company controls its investments, and how easily its own shares can be sold.
Documents
What we will ask you for
- Portfolio schedule
- Financial statements for the holding company and investees
- External property valuations
The full list is tailored to your company once the scope is agreed.
Report, timing & fees
What you receive, and when
A report showing the value of each underlying holding and the holding company as a whole.
Timing
Depends on the number of investments; agreed at the outset.
Compare report levels on our reports and deliverables page.
Questions
Questions clients ask about this service
- Do you value the property held?
- No. Property is valued by qualified property valuers and their figures are incorporated into our valuation.