CIRO Programme

MEIRA’s professional development programme aims to provide IR practitioners across the MENA region with an up to date understanding of the international ethical and professional standards of the industry, as well as the knowledge needed to help run and manage a successful IR programme.

The Certified Investor Relations Officer (CIRO) programme, delivered in partnership with the UK IR Society, is an internationally recognised qualification in Investor Relations. A three-day training course, the CIRO is followed by an exam, offered on a number of occasions throughout the year, across the region.

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



Price for the CIRO Programme

Delegate rate $3,000
MEIRA members $2,500

Book multiple delegates and get 10% discount on training price

Upcoming Training Tuesday, 29 Oct, 2019

CIRO Training Course: Dubai – October 2019

Dubai, UAE Read More
Upcoming Training Sunday, 03 Nov, 2019

CIRO Training Course: Manama, November 2019

Manama, Kingdom of Bahrain Read More

The CIRO programme is essential for anyone looking to develop a successful career in IR. In our company, the Certificate is a requisite for the IR team. The programme helps to build and develop knowledge of the IR profession, while providing a practical insight about how to operate to following international best practice.

Redwan Ahmed,
Head of Investor Relations, DP World

The Certification in IR is the best qualification delivered in the Middle East, that definitely helps delegates to get familiar with the framework and terminology related to IR and the requirements of the profession, both locally and internationally. I would recommend the course to anyone new to IR or looking for a refresher on latest regulation and best practice.

Mohammad Abdal
Chief Communications Officer and Head of Investor Relations, Zain Group

Deborah Morton-Dare



Principles of Investor Relations
  • Introduction to Investor Relations
  • The role of investor relations
  • Why companies need IR
  • What makes a successful IR function
  • The scope of IR
Global Financial markets
  • Global financial markets
  • How do equity markets work
  • Equity investors
  • Debt investors
Companies & Regulation
  • Introduction to company regulation and requirements
  • Statutory and financial reporting calendar
Regulatory environment
  • Introduction and principles
  • Market abuse
  • Listing rules
  • Disclosure and transparency rules
  • Corporate governance
  • Takeover rules
  • Periodic financial reporting
  • Regulatory announcements
  • Summary of the United States (US) regulations
Accounting, valuation and investment principles
  • Time value of money
  • Cost of capital
  • Risk vs return
  • Introduction to valuation methods & financial analysis
  • Demystifying company accounts
  • Portfolio theory
  • Key financial ratios
Effective IR in practice
  • IR audiences
  • IR advisors
  • Internal relationships
  • Knowing your shareholders
  • Understanding disclosure obligations
  • Communications tools and techniques
  • Measuring the value of IR
  • Trends in International IR

Frequently asked questions


  • Who should take the CIRO Programme?
    The CIRO Programme is suitable for anyone working in investor relations or in related professions (IR/PR Consultants). It is also suitable for those considering a move into IR. The course content is comprehensive and covers most of what an IR practitioner would require. In any case, the CIRO body of material represents a useful guide and source of reference at all times.
  • Can I take the training without the Exam?
    We highly encourage you to complete the programme, by doing both the training and the Exam. If you wish to do the training only and delay the date of your exam under exceptional circumstances, we would accept your registration and charge you only for the training but note that this is against best practice.
  • Can I sit the Exam without attending the training?
    We will not accept any registration to the Exam without attending the training.
  • What are the demographic, experience and industry profiles of past candidates?
    CIRO training have been held in the following countries/cities: Dubai, Abu Dhabi, Doha, Kuwait City, Muscat, Beirut and Riyadh. We also saw delegates from Jordan, Palestine, Bahrain, Russia and Egypt joining us. Previous successful candidates have included: - Experienced and senior IROs - IR managers and associates - Service providers and IR advisors across a wide range of IR-related services - Public Relations Officers - Company Secretarial Staff - Directors - Candidates new to investor relations - Executive Assistants and Personal Assistants - Heads of Business Development and other corporate functional areas, including Communications, Compliance, Finance, Human Resources, Operations, Sales and Strategy
  • How long does it take to study for the CIRO Exam?
    Based on our experience we suggest that a minimum of 40 to 50 hours of self-study is required to prepare for the CIRO Exam. We highly recommend to sit the exam only if you have studied the number of recommended hours and practiced the online mock exam multiple times.
  • How long is the CIRO Exam?
    The exam is a one-hour hand written exam comprising of 60 multiple choice questions based on the topics set out in the syllabus in the Study Guide.
  • Where is the CIRO Exam held?
    The CIRO Exam is held in different cities in the Middle East throughout the year. Refer to the online calendar (Learn>Calendar) on our website to check your city. We can arrange for other candidates to sit the exam at a suitable venue, providing one of our Board Member can monitor the Exam.
  • What is the pass mark?
    The pass mark is 65%.
  • How many candidates have obtained the certification?
    In 2017, 23 delegates passed the exam in the Middle East.
  • What are the success and failure rates?
    On average, approximately 70% of candidates will pass the CIRO exam at the first attempt.
  • How do IR employers view someone with such a certification?
    Employers and search firms that specialise in IR recruitment view the CIRO as a valuable industry benchmark which helps to ensure the competence and commitment of potential employees.
  • What are the areas that candidates typically find the most challenging?
    The Regulatory Environment and Accounting Valuation and Investment Principles are the two sections often cited as being the most challenging. The training is designed as revision course prior to each exam sitting, complemented by the online mock exam, which allows candidates to assess their own readiness to take the CIRO Exam.
  • What does the registration fee cover?
    The fee covers the training and CIRO Exam, the study materials, the training course materials, all administration and posting fee, the lunch and coffee breaks during training. Once your registration fee has been received you will be sent your electronic Study Guide and login details for the online mock exam.
  • Is the certificate permanent?
    Yes, it is. If needed, employers can contact MEIRA to verify your credentials anytime.

The Exam

The Exam takes 1 hour and consists of 60 multiple choice questions. 40 hours revision is recommended. A passing score corresponds to a minimal acceptable level of 65%.

MEIRA highly recommend that you start studying before the training and use the training as a revision course for the Exam. As a revision aid, candidates can take an online mock examination which will help them assess whether they have grasped the key principles.

You have two options for sitting the Exam:

  • Sit the Exam on the last day of training (the delegate will study before the course) or;
  • Sit the Exam within 12 months after the training (the delegate will study after the course) You will be asked to confirm your preferred option few days before the training.

If you choose to sit the Exam on the last day, it will begin at 5.00pm and finish at 6.00pm.
It will be monitored by the trainer.