Yanbu Cement Company [3060.SE] announced plans to start implementing International Financial Reporting Standards (IFRS) on 31 March 2017. 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 on 31 March 2017 for 1Q16. (Tadawul) Yanbu Cement: SAR35.10 as of 30 August 2016, Rating: Buy, FV: SAR55.00 per share, MCap: USD1,474mn, YNCCO AB / 3060.SE
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