Thursday, 27th October 2016

Saudi Cement Company announces plan for the transition to International Financial Reporting Standards (IFRS) (Second Phase)..

1438/01/26  27/10/2016   15:35:50

Further to the Company’s announcement dated 27/11/1437 corresponding to 30/8/2016, regarding the phases of the conversion plan to International Financial Reporting Standards (IFRS), the Company announces that there are no new updates on what has been disclosed in the first phase announcement. In addition, the updated accounting policies for the preparation of the financial statements in accordance with IFRS are scheduled to be approved during the period up to end of December 2016.

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