Tumas Group

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Tumas Group

Industry	real estate
Founded	July 14, 1987; 36 years ago (1987-07-14)
Founder	Tumas Fenech
Headquarters	Portomaso Business Tower, St Julian's, Malta
Website	tumas.com

The Tumas Group is a real estate and development company in Malta, founded in the 1970s by Tumas Fenech (deceded 1 February 1999). The group is today headed by Raymond (Ray) Fenech. Tumas Group is active in online gaming, hospitality and leisure, management, property development, and transport and energy.^[1]

History

The Group’s turnover for 2011 was in excess of €112 million.^[2]

In 2015 Antony Fenech exited the group and founded his own TUM Invest Group, reataining the automotive and healthcare arms of the Tumas Group.^[3]

Yorgen Fenech was a director of Tumas Groupd and of energy company Electrogas; in 2019 he resigned from both positions.^[4] On 25 November 2019 Tumas Group said that allegations linking Fenech to the murder of Daphne Caruana Galizia were "alien to the Tumas Group's values".^[5]

Companies

Property development^{[citation needed]}

• Crystal Ship Portomaso
• Mill Street complex, Qormi
• Qormi Construction
• Ta' Monita Estates
• Tas-Sellum Residence
• The Laguna Portomaso
• The Portomaso Business Tower
• The Quad Central, Mriehel

Hospitality and leisure

• Amazonia Beach Lido
• Blue Elephant
• Dolmen Resort Hotel, Qawra
• Hilton Evian-les-Bains
• Hilton Malta, in Portomaso Tower
• Hilton Malta Conference Centre
• Oracle Conference Centre
• Twenty Two Club

Gaming

• Portomaso Casino, opened July 2006
• Oracle Casino, opened 1998 within Dolmen Hotel Resort, Qawra^[6]
• Tumas Gaming, managing Bestplay outlets across Malta since 2012.^[7]

Energy and Transports

• Electrogas: Tumas Group holds 35.16% shares of GEM Holdings which owns 33.34% of Electrogas.
• Valletta Gateway Terminal

From July 2011 until 2014, Tumas Group was the minority shareholder (33%),^[8] together with Arriva, of a ten-year concession to operate all scheduled bus services on Malta and Gozo.^[9] Following years of losses, on 1 January 2014 Arriva ceased operations in Malta, with the services nationalised by the Maltese government as Malta Public Transport.

Management

• Tumas Fenech Foundation for Education in Journalism ^[10]
• Tumas investments, finance company since 2000 ^[11]

References