Saudi Ceramics (2040.SE] has 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  1Q17 in March 2017. However, the only issue facing Saudi Ceramics transition is  non-availability of the IFRS-compliant financial statements for its associates, since these associates are required to provide the IFRS compliant financial statements starting from 1/1/2018. The company is taking the necessary steps to overcome this difficulty. (Tadawul)   Saudi Ceramics: SAR33.46 as of 30 August 2016, Rating: Buy, FV: SAR48.00 per share, MCap: USD446mn, SCERCO AB / 2040.SE