Tumas Group

The Tumas Group is a real estate and development company in Malta, founded in the 1970s by Tumas Fenech (deceded 1st 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]

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

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
  • 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
See also: 2019_Malta_political_crisis § ElectroGas_Malta
  • 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
  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
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