Saudi Airlines Catering starts to transition to IFRS
Saudi Airlines Catering (6004.SE) announced that has started to transition gradually to International Financial Reporting Standards (IFRS) during 1Q16. In addition to establishing an internal team responsible for the transition process, the company has appointed an external advisor who is expected to review 2Q16 financials on 30 October 2016. (Tadawul) Saudi Airlines Catering Company: SAR82.75 as of 01 September 2016, Rating: Neutral, FV: SAR110.00 per share, MCap: USD1,809mn, CATERING AB / 6004.SE
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