CIRO – Saudi Arabia

About the CIRO

The Certified Investor Relations Officer (CIRO) programme, delivered by the Middle East Investor Relations Association (MEIRA) in partnership with the UK IR Society, is an internationally recognised qualification in Investor Relations.

The Certificate in Investor Relations is regarded as a valuable benchmark for those already in the profession and an essential prerequisite for those seeking to work in the Investor Relations (IR) sector. With over 1,700 successful candidates from more than 25 countries, the Certificate in IR is firmly established as a leading IR qualification worldwide.

The CIRO Programme consists of a self-study guide followed by 1-hour paper based exam. Once you pass the exam, you will receive a certificate issued by MEIRA and the UK IR Society and recognised by Tadawul, The Financial Academy and the Saudi Capital Market Authority.

A revision course is also available to address any CIRO contents that present candidates with difficulties.

What you will get

An international certification that recognises you as a qualified IR practitioner

A better understanding of the fundamental principles and best practice of investor relations

The tools and techniques to perform and develop your role within the IR environment


Flyer Q&A Guide

Price for the CIRO Exam

Delegate rate SAR 2,995 (tax is not included)

You can also book an optional revision course to prepare yourself for the exam. Contact us for more information at

John Gollifer



Introduction to Investor Relations
  • The IR function
  • The key roles of the IRO
  • Internal and external audiences
  • IR best practice
Financial Markets
  • Global financial markets
  • The major financial centres
  • Investment styles of equity investors
  • Debt investors and credit rating agencies
  • ESG investing
Corporate entities and corporate governance
  • Type, formation and legal operation of a company
  • Principles of corporate governance
Market conduct
  • Principles for the regulatory environment under which listed companies globally operate
  • Periodic statutory reporting requirements
  • Non-financial disclosures
Accounting, valuation and investment principles
  • Key accounting and valuation concepts
Effective IR in practice
  • Practical tips for real-world IR including case studies
KSA Appendix
  • Saudi regulatory environment

Frequently asked questions


  • Who should take the CIRO Programme?
    Investor Relation Officers working in Saudi-listed companies. Candidates interested in a career related to Investor Relations.
  • How do I register?
    To register, press the book now button which will redirect you to the FA site. Complete the online form and the registration team will follow up with you to confirm your details and further steps.
  • How much does it cost?
    The cost of the CIRO Programme certification is SAR 2,995 (tax is not included) and it includes the study materials, one exam sitting and the certificate. There is an optional revision course.
  • How do I prepare the exam?
    Read the study guide carefully. Based on our experience, a total of 40 hours are required to study the contents provided. All the sections are equally important and the exam will include questions from all of them. You can practise multiple times and it is good to use it since the beginning to support your studying efforts. You can also register for one of the revision courses to address any CIRO contents that present difficulties. The course will be delivered by an experienced CIRO trainer.
  • How do I book the preparatory course?
    To enquire about the CIRO preparatory course, contact
  • What do I get once I pass the exam?
    After successfully passing your exam, you will receive a certificate issued by MEIRA and the UK IR Society and recognised by Tadawul, The Financial Academy and the Saudi Capital Market Authority. The certificate is permanent and if required, employers can contact MEIRA to verify your credentials.

The Exam

The Exam takes 1 hour and consists of 60 multiple-choice questions. A passing score corresponds to a minimal acceptable level of 65%.
With your registration fee, you are entitled to 1 exam sitting and you should contact The Financial Academy in order to book your exam.
You will receive an email with your score within 1 week from the date you took it.