National Medical Care (CARE) [4005.SE] has 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 1Q17 and the comparable period (1Q16) in March 2017. (Tadawul) National Medical Care: SAR65.29 as of 30 August 2016, Rating: Neutral, FV: SAR65.00 per share, MCap: USD781mn, CARE AB / 4005.SE
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