The Group owns and manages a number of residential and commercial units. Learn everything you need to know about investing with us.
Agora Estates plc
Incorporated in Malta on the 9th April 2019 with company registration number C91408, Agora Estates p.l.c. was set up as a finance and investment company to invest in the companies forming part of the Agora group while providing them with relevant finance for their business activities.
J. Zammit Estates Limited
Incorporated in Malta on the 30th March 2011 with company registration number C52422, J. Zammit Estates Limited became fully owned by Agora Estates p.l.c. with effect from 23rd April 2019. The primary objective of the company is acquire and develop immoveable property, whether residential or commercial, creating an investment property portfolio for rental income and capital appreciation. The company owns eight commercial properties comprising of showrooms, warehouses and offices, strategically located in the central region of Malta.
J. Zammit Developments Limited
Incorporated in Malta on the 16th May 2019 with company registration number C91846, J. Zammit Development Limited’s primary objective is to acquire and develop immoveable property of various types including maisonettes, apartments, penthouses and villas, to hold as inventory for resale.
Incorporated in Malta on the 10th April 2019 with company registration number C91429, Car-Sun Limited’s primary objective is to hold its current investment property portfolio for rental income and capital appreciation. The company owns one commercial property comprising of warehousing, showroom and offices in the central region of Malta.
Zammit Business Centre Limited
Incorporated in Malta on the 7th May 2018 with company registration number C86168, Zammit Business Centre Limited’s primary objective is to act as a holding company for the investment in De Rohan Business Centre Limited.
De Rohan Business Centre Limited
Incorporated in Malta on the 27th January 1992 with company registration number C13521, De Rohan Business Centre Limited’s primary objective is to hold its current investment property portfolio for rental income and capital appreciation. The company owns one excavated parcel of land with the intention to develop into a business centre comprising of warehousing, showroom and offices in the central region of Malta.
Joseph Schembri qualified as an accountant in 1973 and in 1977 he was appointed audit partner of Joseph Tabone & Co. In 1998, he was appointed senior partner at KPMG Malta. During the period 2013 and 2014 he was seconded to Libya to set up the Libyan firm of KPMG acting as audit engagement leader and risk management principal for the firm. In 2014 Joseph Schembri joined Baker Tilly Malta as a consultant and audit engagement leader.
His auditing experience spans across a number of industries including banking and finance, insurance and funds. He has carried out assignments in the United Kingdom, Libya, Egypt and Malta.
He has acted as non-executive director on a number of companies, and currently sits as a non-executive director on a number of listed companies. He also chairs a number of audit committees for Such companies. He also sits as director on a private finance company which owns manufacturing subsidiaries in several European countries, other than acting as Chairman of the Issuer.
Audrey Hughes obtained a Bachelor of Psychology (Honours) from the University of Malta in 2008, and went on to obtain an accountancy qualification from the Association of Chartered Certified Accountants in 2016.
Having over 10 years of experience, Audrey Hughes joined the Group in 2013 in the position of finance executive at Finance House p.l.c. and is currently employed as chief finance officer of the Subsidiary. She has been involved in various functions ranging from overseeing the preparation and presentation of monthly management accounts and reporting to assisting in company valuations, overseeing corporate restructuring, preparing consolidated cash flow forecasts, and obtaining bank and securities market finance.
In 2014, Audrey Hughes was entrusted with changing the ERP of the Group and was involved in the design, set up and implementation of Microsoft Dynamics NAV. She also set up corporate functions including accounting, credit control and legal and compliance. In 2015, Audrey Hughes contributed towards the successful issue of a private placement for Zammit Finance p.l.c., a member of the Group.
She is currently responsible for the management of the Group’s financial requirements including putting forward proposals for financing and achieving financing for the Group, and will be directing and leading the finance function of the Group.
Silvio Mifsud obtained a Bachelor of Arts degree with Honours in Business Management from the University of Malta in 1990. He is also a certified PRINCE2 practitioner and completed Stage 1 of the Association of the Chartered Institute of Bankers.
Throughout his career, Silvio Mifsud has been involved in the banking sector, having been employed by two of the leading banks in Malta. He was employed as a business analyst for Bank of Valletta p.l.c. and head of the Foreign Department at BOVI Limited. He headed the implementation of various banking IT structures such as the full automation of Payment Orders Process at BOVI Limited and Bank of Valletta p.l.c., the Foreign Exchange and Funds Transfer module of Profits Banking System previously in use at Bank of Valletta p.l.c.
He subsequently occupied the positions of executive vice president and chief investment officer and head of administration at FIMBANK p.l.c. He was also the founding director of FIM Property Investment Limited and FIM Business Solutions Limited, and a member of the executive management meeting and deputy chairman of the bank’s IT Steering Committee. He was also responsible for introducing Flexcube, Oracle’s Universal Banking System at FIMBANK p.l.c.. Silvio Mifsud has also managed the full process, from negotiations to operations, of the 15-storey Mercury Tower, the Head Office of the FIMBANK Group in St. Julian’s. He was also for some time involved in the anti-money laundering departments of FIMBANK p.l.c. as the first MLRO of the bank.
He also set up and managed the Due Diligence Department at the Residency Malta Agency.
He sits on the board and audit committee of a number of listed and regulated entities, including 42 Invest plc of which he is also a member of the audit committee.
He also sits as director and audit committee member of Finance House plc, a member of the Group.
James Zammit graduated from the Edinburgh Business School in Business Administration, and subsequently obtained a Master’s Degree in Business Administration.
James Zammit was primarily involved in the automotive industry and was a pioneer in introducing second hand vehicles to the Island specializing in luxury vehicles. He subsequently set up Finance House p.l.c., a financial institution authorized by the Malta Financial Services Authority to carry out lending activities, offering loans in the automobile and marine industry. Today the said company also acts as a sales intermediary for home loans for a local credit institution.
In parallel, James Zammit expanded his activities to own a property portfolio consisting of residential and commercial units intended for rental investment and capital appreciation or resale.
He is a director and chief executive officer of all members within the Group.
He also holds other related property investments with third parties.
Isabella Vella has accumulated a wealth of experience through her involvement in banking, construction, real estate and hospitality sectors. She started off her career in banking where she held both supervisory as well as lecturing roles.
Isabella Vella then spent over 24 years in various managerial positions in the construction, real estate and hospitality fields and contributed to the success of a variety of projects undertaken by these sectors through her communication, marketing and business acumen.
For nearly two decades she held a directorship on Peninsula Holdings Limited as well as Peninsula Investments Limited both pertaining to owners of the Westin Dragonara Hotel & Resort. She also held an alternate directorship in Bajja Holdings Limited and Bajja Investments Limited, the owners of which also own The Marriott Hotel & Spa in St. Julians.
She acted as a non-executive director for a few years for Malta Communication Authority and as President of The Maltese-Chinese Chamber of Commerce
She presently also sits as a non-executive director on two companies listed on the Malta Stock Exchange, namely Main Street p.l.c. and VBL p.l.c.
Equis Assurance Limited are engaged as external auditors on an annual basis during the company’s Annual General Meeting by means of a resolution for their appointment.
The contact details of Equis Assurance Limited are:
Equis Assurance Limited
MRO Frank Galea Road,
Zebbug, ZBG 9019
Tel: +356 2149 0645
The Board of Directors established an Audit Committee to support it in its responsibilities in managing risk, internal controls and governance.
The Committee’s terms of reference of the Audit Committee establish the composition, role and function of the Committee, its authority powers and responsibilities as well as the processes it is required to comply with. The Committee is a sub-committee of the Board and directly responsible and accountable to the Board. The Audit Committee is composed of the following Directors:
Mr Joseph Schembri – Chairman and member competent in accounting
Mr Silvio Mifsud
Ms Isabella Vella
The above are non-executive directors of the company.