Zamil Industrial to implement IFRS before year-end

28/08/2016 Argaam

Zamil Industrial Investment Co. will adopt International Financial Reporting Standards (IFRS) before the end of 2016, the company said in a statement to Tadawul. 

 

The company has hired Baker Tilly MKM as external advisor for the transition, while an internal team was also appointed to supervise the process. 

 

IFRS-based financial statements for the first, second and third quarters of 2016 will be prepared before the end of this year, the statement added. 

 

The deadline for IFRS adoption has been set by the kingdom's Capital Market Authority (CMA) for January 1, 2017.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read