Amwaj Ltd, founded in 1997 and based in the UAE, is a prominent player in the retail and leisure sector, primarily focusing on creating innovative experiences within the hospitality industry. The company offers a diverse portfolio of services, including luxury resorts, restaurants, and entertainment facilities that cater to both local and international visitors.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Amwaj Ltd began issuing corporate bonds in 2010 as a strategic move to fund its expansion into new markets. One notable issuance was the 2020 bond worth $150 million, which was used to finance the development of a new luxury resort. As of 2023, the company’s bonds yield approximately 5.5%, positioning them competitively within the hospitality sector, particularly against peers who average around 6%. Recently, Amwaj announced plans to diversify its bond offerings by introducing green bonds aimed at sustainable tourism, reflecting its commitment to environmental responsibility.