Tabuk Cement Company [3090.SE] announced plans to start implementing International Financial Reporting Standards (IFRS) on 30 September 2016. The company has appointed Deloitte & Touche as 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 on 12 December 2016 for 1Q16, 2Q16 and 3Q16, and in March 2017 for FY16. (Tadawul) Tabuk Cement: SAR13.33 as of 28 August 2016, Rating: Sell, FV: SAR12.40 per share, MCap: USD320mn, TACCO AB / 3090.SE
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