Al-Omran Trading to apply IFRS as of Q1

13/02/2018 Argaam

Al-Omran Industries and Trading Co. has applied the international accounting standards and will file financial statements for Q1 2018 accordingly, the company said in a stock market filing.

 

"We are ready to compile financial statements based on the International the Financial Reporting Standards (IFRS). We prepared the opening balance on Jan. 1 accordingly."

 

The company is listed on the Saudi parallel stock market (Nomu), and is pursuing a market-wide conversion towards the international accounting standards.

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