Almarai [2280.SE] announced plans to transition gradually to International Financial Reporting Standards (IFRS). The company has established an internal team responsible for transition process, targeting to prepare the first IFRS financial statements on 31 March 2017 for 1Q17; comparable periods will be restated accordingly. (Tadawul) Almarai: SAR52.25 as of 01 September 2016, Rating: Neutral, FV: SAR48.75 per share, MCap: USD11,147mn, ALMARAI AB / 2280.SE
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