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05-Sep-2016

Al Othaim to transition to IFRS  

Abdullah Al Othaim Markets Company [4001.SE] announced plans to transition to International Financial Reporting Standards (IFRS) on 31 October 2016. The company has appointed an external advisor, in addition to establishing an internal team responsible for the transition process, targeting to prepare the first IFRS financial statements on 30 November 2016 for 1Q16 and 2Q16. (Tadawul)   Al Othaim: SAR84.56 as of 04 September 2016, Rating: Buy, FV: SAR127.00 per share, MCap: USD1,015mn, AOTHAIM AB / 4001.SE

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