Tumas Group

Last updated
Tumas Group
Industryreal estate
FoundedJuly 14, 1987;36 years ago (1987-07-14)
Founder Tumas Fenech
Headquarters Portomaso 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]

Contents

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

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

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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