 | |
| Industry | real estate |
|---|---|
| Founded | July 14, 1987 |
| 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
- ^ Tumas.com - Industries
- ^ TUM Invest
- ^ "Anklage gegen möglichen Mittäter im Mordfall Galizia". Die Zeit. Retrieved 1 December 2019.
- ^ "Tumas Group disassociates itself from Yorgen Fenech". MaltaToday.com.mt.
- ^ Oracle Casino
- ^ Tumas Gaming
- ^ Tumas Group sells off Arriva stake - reports Archived 19 February 2014 at the Wayback Machine Malta Today 15 October 2012
- ^ Arriva signs contract to operate buses in Malta Archived 6 November 2013 at the Wayback Machine Arriva 25 November 2010
- ^ Tumas Foundation
- ^ Tumas Investments
This page was last edited on 15 February 2024, at 19:59