Al Jouf Cement Company(3091.SE) announced plans to start implementing International Financial Reporting Standards (IFRS). The company has appointed an external advisor for the transition process, in addition to establishing an internal team responsible for its implementation, targeting to prepare the first IFRS financial statements for 1Q16 before end of 2016. (Tadawul) Al Jouf Cement: SAR8.08 as of 31 August 2016, Rating: Neutral, FV: SAR8.50 per share, MCap: USD280mn, JOUF AB / 3091.SE
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