Announcing the bankruptcy of the most famous chain of pharmacies in Egypt

The Economic Court in Egypt issued a ruling, declaring the bankruptcy of the Alfa Pharmacies Management Company, which owns the famous 19011 pharmacies chain in the country.

The judgment of the Economic Court included “placing seals on the Alfa company’s trading place listed in the commercial registry from a main center, branches, stores, and its fixed and movable funds until the completion of the inventory.”

The 19011 series was subjected to a series of setbacks and the accumulation of debts on it in favor of banks and distribution companies, which resulted in its agreement with the United Company to acquire the Care Pharmacies chain of “United” on a large number of branches of the 19011 series in return for liquidating its debts.

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