MBF Group
As part of the mission, MBF Group SA’s goal was to attract new investors and business partners, which would contribute to the Company’s capital growth and development, and to establish strategic relationships that would enable us to access new markets, customers and growth opportunities. The conclusion of the agreement with Al-Ali Holdings has strengthened the relationship and demonstrates the mutual respect between the two parties for the ongoing businesses. The goal of MBF Group SA management is to encourage cooperation in the Company’s commercial activities with an emphasis on full financing of concluded commercial contracts (diesel, coal, cooking oils, etc.).
Within the framework of the economic mission held, preliminary agreements on cooperation were signed. A number of talks and meetings were also held, which should translate into future cooperation with Middle Eastern contractors.
As an additional result of the discussions held, a notarized power of attorney was sent to Al-Ali Holdings. Under it, the Fund was authorized to represent and act on behalf of the Company in all matters relating to, among other things:
- Joint investment and business projects to be conducted with the approval and agreement of Al-Ali Holding and MBF Group SA.
- To offer and present business projects prepared by MBF Group SA.
- Raise funds for the development of innovative and profitable projects.
- Raise funds for the acquisition of operating companies in Poland and Europe.
- Prepare and conclude investment agreements for projects carried out by Al-Ali Holding and MBF Group SA.
The mentioned Power of Attorney is valid from the date of signature until revoked. The power of attorney may be changed or revoked at any time. More results from the meetings held and the entire economic mission held are expected in the following weeks and months of this year.
