According to Mosaed Al-Ohali, SABIC’s CFO, the restatement of the company’s financials to comply with international accounting standards will have an impact on the company’s revenue due to the differences in the way revenues are recognised between Saudi accounting standards and international accounting standards. On a call with CNBC Arabia, the CFO stated that there would also be other changes such as the way that general and administrative expenses are calculated, but that it is too early to determine what the impact on profits will be. The company had previously stated its intention to bring all of its operations and subsidiaries in line with international accounting standards starting in January 2017. It is too early to tell what the exact impact of this will be, but the market could view this negatively, given the uncertainty surrounding the impact on profits, in our view. (Argaam, Yousef Husseini)   SABIC: SAR83.15 as of 11 May 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD66,520 million, SABIC AB / 2010.SE