United Electronics Company (eXtra) [4003.SE] announced plans to start implementing International Financial Reporting Standards (IFRS) on 30 November 2016. The company has appointed Deloitte & Touche as 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 on 31 December 2016 for 1Q16. (Tadawul) eXtra: SAR23.49 as of 24 August 2016, Rating: Neutral, FV: SAR24.00 per share, MCap: USD226mn, EXTRA AB / 4003.SE
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