ALMARAI
2280
-1.25%
55.20
-0.70
2280
ARABIAN SHIELD
8070
-1.96%
17.98
-0.36
8070
Saudi dairy producer Almarai Co. said it received SAR 250 million on Wednesday from Arabian Shield Insurance in compensation for a fire at one of its bakeries.
The payment on account is not in respect to a specific claim item, but intended only as a general on account payment until the full extent of the claim is assessed and finalised, Almarai added in a bourse statement.
The received amount will be registered in financial statements for the first quarter of 2015.
Source:
Mubasher