Aldrees Petroleum and Transport Services Co. [4200.SE] announced is planning to start implementing International Financial Reporting Standards (IFRS) on 18 October 2016. The company has appointed an external team for the transition process, targeting to prepare the first IFRS financial statements on 31 October 2016 for the fiscal year ending 31 December 2015. (Tadawul) Aldrees: SAR31.80 as of 24 August 2016, Rating: Buy, FV: SAR49.50 per share, MCap: USD339mn, ALDREES AB / 4200.SE
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