Saudia Dairy and Foodstuff Co. (SADAFCO) [2270.SE] 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 the quarter ended 30 June 2017. (Tadawul) SADAFCO: SAR146.21 as of 30 August 2016, Rating: Buy, FV: SAR188.00 per share, MCap: USD1,267mn, SADAFCO AB / 2270.SE
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