Southern Cement Company (3050.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 FY15 in March 2017. (Tadawul) Southern Cement: SAR66.28 as of 31 August 2016, Rating: Neutral, FV: SAR71.00 per share, MCap: USD2,474mn, SOCCO AB / 3050.SE
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