Halwani Brothers to start implementing IFRS
Halwani Brothers [6001.SE] announced plans to start implementing International Financial Reporting Standards (IFRS) on 30 November 2016. The company is relying on its internal team to implement the transition process, targeting to prepare the first IFRS financial statements on 31 December 2016 for 1Q16 and FY2015. (Tadawul) Halwani Brothers: SAR46.99 as of 31 August 2016, Rating: Neutral, FV: SAR68.00 per share, MCap: USD358mn, HB AB / 6001.SE
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