Financial Modeling & Valuation Analyst
Study in Arabic and earn the same international credential — one exam you sit from anywhere, at any time.

credential, taught in Arabic
The FMVA from the Corporate Finance Institute (CFI) proves you can build financial models and value companies. At Sarh you study it in Arabic with hands-on Excel work, and sit a single exam from anywhere — no booking, no proctor.
Why study FMVA at Sarh?
Financial modelling is a skill built by practice, not memorisation — so the course is hands-on from the first session.
A CFI Authorized Training Partner
Sarh is formally authorised by the Corporate Finance Institute to deliver training and exam preparation.
Study in Arabic
Teaching and materials in Arabic, with a fully international credential — the language is no barrier.
No prerequisites
Open to university students, employees and managers alike, with no prior requirements.
Sit the exam anywhere
No advance booking and no proctor — you sit it when it suits you.
A complete training pack
A full summary of the material with the key formulas and concepts, clearly organised.
Applied, not theoretical
Modelling and valuation exercises that mirror what the job actually asks of you.

You build the model yourself
You do not just watch the instructor. You open Excel alongside them, build the three linked statements and the discounted cash flow model yourself, until the process is second nature well before the exam.
- In person — in the computer lab at Sarh, one machine per trainee.
- Live online — the same session at the same time, with screen sharing and full interaction.
- Recordings — if you cannot attend, the recording reaches you and stays available for seven days.
The syllabus
From reading a financial statement to delivering a complete valuation model — in the order the skill is actually built.
| Module | What you learn |
|---|---|
| Accounting and finance fundamentals | Reading the three financial statements and how they connect, and the terminology every model rests on. |
| Excel for financial modelling | Functions, shortcuts and modelling best practice: formatting, auditing and error tracing. |
| The three-statement model | Building a linked model that ties the income statement, balance sheet and cash flow into one file. |
| Forecasting and budgeting | Building assumptions and forecasting revenue, costs and working capital. |
| Discounted cash flow (DCF) valuation | Free cash flow, the WACC discount rate, terminal value and the route to a share price. |
| Comparable company valuation | Valuing a business against peer multiples and precedent transactions. |
| Sensitivity and scenario analysis | Testing how the answer moves when assumptions change, and building multiple scenarios. |
| Presenting the result | Turning the model into dashboards and outputs a decision-maker can read. |
A CFI Authorized Training Partner
The Corporate Finance Institute awards the FMVA worldwide. Sarh is formally accredited by CFI as a training partner, authorised to deliver training and exam-preparation materials.
- Documented accreditation — a partnership certificate issued by CFI in Sarh’s name.
- Official materials — training and preparation content accredited by the institute itself.
- An international credential — the same designation wherever you are.

Who is it for?
If part of your work runs through an Excel model and ends in a financial decision, this is aimed at you.
Exam information
Everything you need to know before you sit it, from requirements to fees.
| Awarding body | The Corporate Finance Institute (CFI). |
| Entry requirements | None. There are no prior qualifications. |
| Exam format | A single part of 50 questions, three hours long. |
| Where you sit it | Anywhere, at any time, with no advance booking and no proctor. |
| Exam fee | US$500, paid to CFI directly and separate from the course fee. |
| Pass rate | Around 80% of our students pass at the first attempt. |
Your route to the certificate
From the first lecture to the designation, step by step.
Enrol
On enrolment you receive the training pack and the exercise files.
Attend
In the computer lab at Sarh or live online, with recordings as a fallback.
Build the models
You apply what you learn to real modelling and valuation exercises.
Sit the exam
One exam from anywhere, with no advance booking and no proctor.
Certification
You earn the FMVA designation from CFI, recognised internationally.
Graduates
Accountants and analysts who built their first models in our classrooms and took them back to their desks.
My experience with Sarh Group on the FMVA Certification course was excellent. The content was clear and practical and helped me a great deal in developing my analysis and financial modelling skills. I recommend the programme to anyone looking to progress in the financial field.
Anzor GhishFinance ManagerExcellent course with a well-structured curriculum. The focus on integrating the three financial statements and DCF valuation was particularly helpful. The practical Excel exercises provided me with tools I can immediately apply in my accounting work.
Osama Al ShinawiAvicoThe course was excellent. We learned financial analysis skills, advanced Excel and valuation methods, and the instructors — Mr Ahmad Mansi and Dr Omar Al-Muwaffi — were outstanding.
Rashed JarrarArab Pharmaceutical IndustriesFrequently asked
What candidates ask us most before enrolling.
Who awards the certification?
The Corporate Finance Institute (CFI), and Sarh is an accredited training partner.
What are the entry requirements?
There are none; the certification is open to students, employees and managers alike.
Is the teaching in Arabic?
Yes — teaching and materials are in Arabic, while the credential and the exam are international.
What is the pass rate?
Around 80% of our students pass at the first attempt.
What is the exam like?
A single part, three hours long, with 50 questions, and you can sit it from anywhere.
Do I need to book an exam slot?
No. You sit it when it suits you, with no advance booking and no proctor.
How much is the exam fee?
US$500, paid to CFI directly and separate from the course fee.
Do I need prior Excel experience?
No. We start from the fundamentals and move on to the functions and tools modelling requires.
Start now
Financial modelling is not a talent — it is a skill mastered by repetition, under someone who has built it hundreds of times before you.
