Collective poisoning closes the doors of a well -known restaurant chain and leads them to bankruptcy

The Commercial Court in Riyadh issued a ruling to open the liquidation procedure for the “Food Basics of Trade” company, which owns the series “Hambarten”, according to what was announced by Saudi bankruptcy secretary Mubarak Al -Enezi.

Al -Enezi called on the creditors to submit their claims within a maximum period of 90 days from the date of the announcement. This decision comes after about five years of ambitious plans for the company that included offering 20% ​​of its shares in the “growth market” and the opening of 20 new branches during the year 2020. However, its march stumbled in 2024 after a group food poisoning incident in Riyadh resulted in the death of a person and the injury of more than 70 others. The reason is due to the bacteria “Clostridium Potolinum” in the mayonnaise product, which prompted the Ministry of Municipalities and Housing to close the “Hambarteni” branch in Riyadh and withdraw the product from the markets and stop its production. Although the detailed reasons for bankruptcy have not been revealed yet, the poisoning incident greatly affected the company’s reputation and the continuity of its business. This decision comes within the Saudi bankruptcy system, which aims to organize The conditions of the troubled companies to protect the rights of creditors, and provide the option to restructure or liquidate in a way that enhances transparency and stability in the market. (Russia today)