Mouwasat Medical Services Company [4002.SE] announced plans to start implementing International Financial Reporting Standards (IFRS) on 23 October 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 October 2016 for 1Q16. (Tadawul) Mouwasat Medical Services: SAR125.75 as of 28 August 2016, Rating: Buy, FV: SAR151.50 per share, MCap: USD1,677mn, MOUWASAT AB / 4002.SE
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