Palazzo Capua in Sliema was the venue for the official launch of the AX Foundation – an autonomous body supported by AX Holdings that was established to operate as a non-profit organisation in the voluntary sector.

Mr and Mrs Angelo Xuereb hosted numerous business associates and friends to a cocktail reception to celebrate the launch of this new organisation. Josephine Xuereb, chairperson of The Charitable Welfare Committee for the past 10 years, explained how this organisation will be replaced by the newly formed AX Foundation.

She also thanked the outgoing committee members of

the Charitable Welfare Committee for their hard work and commitment in organising various activities in aid of charity.

One of the main objectives of the AX Foundation is to contribute to the alleviation of poverty and social, mental and physical hardship.

The foundation is administered by a Board of Trustees. The founding members appointed by AX Holdings Group chairman Angelo Xuereb are: Josephine Xuereb, chairperson; Dr George Hyzler, deputy chairperson; William Spiteri, secretary; Oswald Tanti, treasurer; Mario Fenech and Fredrick Clark.

The first event is planned for the evening of 28 June at the Valletta Waterfront. As a traditional Mnarja evening, a typical Maltese folklore festa night is being organised, with an appropriate theme in a different setting – Mnarja fil-Port il-Kbir.

All proceeds from the event will go towards the purchase of essential equipment for Id-Dar Tal-Providenza in Siggiewi.