Tumas Group
The Tumas Group is a large 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. History. The Group’s turnover for 2011 was in excess of €112 million. In 2015 Antony Fenech exited the group and founded his own TUM Invest Group, reataining the automotive, property and healthcare arms of the Tumas Group. Yorgen Fenech was CEO of Tumas Group and a  director of energy company Electrogas; in 2019 he resigned from both positions. 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". Companies. Energy and Transports. From July 2011 until 2014, Tumas Group was the minority shareholder (33%), together with Arriva, of a ten-year concession to operate all scheduled bus services on Malta and Gozo. 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. Tumas Group The