Dubai: Almarai, the Gulf’s largest dairy company, said the final amount of compensation it would receive from its insurer after a fire at one of its bakeries last year was 790 million riyals (Dh774 million, $210.6 million), according to a bourse filing on Sunday. The Saudi Arabian company had already received 250 million riyals from Arabian Shield Cooperative Insurance Co in late March, which it booked in its first-quarter results. This March award would be offset against the amount agreed with the insurer on June 27, which was net of policy excesses, Almarai said in its statement. It added that the settlement would have a neutral effect on its second-quarter earnings as the award would be used to offset “various partial assets write-off and goodwill amortisation”. It did not elaborate.