Ownership of the Malta Fairs and Conventions Centre (MFCC) has been restructured, with Tumas Group and Greatt Company Limited acquiring majority stakes in the landmark Ta’ Qali venue.

Following the transaction, Tumas Group and its subsidiary Spinola Investments Ltd now hold 50% of MFCC’s shares, marking a significant expansion of the group’s local property and events portfolio. Tumas Group is best known for developing the Portomaso complex, which includes the Hilton Malta and Portomaso Tower.

Meanwhile, Greatt Company Limited, led by producers Anton Attard and Mark Grech, acquired a 25% stake. Greatt is behind several of Malta’s most prominent entertainment properties, including X Factor Malta, Shark Tank, and MasterChef Malta.

The remaining 25% is retained by Corinthia Palace Hotel Company Limited (CPHCL Finance plc) – the investment arm of the Corinthia Group, which had been the sole owner of MFCC since 2016.

The deal, completed in July 2025 for an undisclosed sum, marks a new chapter for MFCC, which spans over 22,000 square metres and is Malta’s largest indoor event and exhibition venue.

MFCC continues to host high-profile productions such as Mużika Mużika, X Factor Malta, and the Malta Trade Fair, as well as major concerts and corporate events.

Earlier this year, reports suggested that the Maltese government is exploring plans to expand the MFCC site – potentially enhancing its role as a regional hub for large-scale events and business conventions.