Further to the announcement made on (Tadawul) on October 30, 2016 regarding the developments on conversion plan to the International Financial Reporting Standards (IFRS), the Company is pleased to announce that its Board of Directors has approved on 30/11/2016, by passing a resolution, the accounting policies necessary to prepare the financial statements in conformity with the International Financial Reporting Standards (IFRS).
In addition, we would like to assure that the conversion is implemented according to the plan and as previously announced.
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