Al Hokari Group announces phase III of IFRS transition plan
Al Hokair Group [1820.SE] announced that it had prepared the financial statements for 1Q16, and the opening IFRS financial position as of 1 January 2016. The key impact was the reduction of retained earnings as of 1 January 2016 by cSAR73mn as a result of the implementation of IAS17. (Tadawul)
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