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Tumas Group
Industryreal estate
FoundedJuly 14, 1987; 36 years ago (1987-07-14)
FounderTumas Fenech
HeadquartersPortomaso Business Tower, St Julian's, Malta
Websitetumas.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]

Hospitality and leisure

Gaming

Energy and Transports

See also: 2019_Malta_political_crisis § ElectroGas_Malta

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

References

  1. ^ Tumas.com - Industries
  2. ^ Linkedin
  3. ^ TUM Invest
  4. ^ "Anklage gegen möglichen Mittäter im Mordfall Galizia". Die Zeit. Retrieved 1 December 2019.
  5. ^ "Tumas Group disassociates itself from Yorgen Fenech". MaltaToday.com.mt.
  6. ^ Oracle Casino
  7. ^ Tumas Gaming
  8. ^ Tumas Group sells off Arriva stake - reports Archived 19 February 2014 at the Wayback Machine Malta Today 15 October 2012
  9. ^ Arriva signs contract to operate buses in Malta Archived 6 November 2013 at the Wayback Machine Arriva 25 November 2010
  10. ^ Tumas Foundation
  11. ^ Tumas Investments
Categories