Announces new prize structure for 2011
United Arab Emirates, Dubai, 3rd January 2011: MashreqMillionaire, the longest running and most innovative saving scheme in the UAE, has announced Mr. Shammer Khan as the winner to receive AED 5million. In addition, a draw of AED 1million was held for customers saving in MashreqMillionaire for two years and more, which declared the winning of Mr. Muhammad Amir Goulam Nabi.
MashreqMillionaire held its mega draws on December 30th 2010 at JBR Walk, the event also included lined up activities, where proceeds were donated to Dubai Autism Center
Douglas Beckett, Head of Retail Banking Group in Mashreq announced MashreqMillionaire's new prize structure for the year 2011. The new prize structure is designed to create more mega millionaires.
Beckett commented, "MashreqMillionaire draws offer customers the ultimate chance to save and win at the same time. Mashreq has a legacy of simple, yet innovative offerings and that is what makes our savings scheme the most popular amongst the public. As part of our endeavor to be the most convenient bank in the UAE, we continue to provide value added products and services to customers while offering solutions that are both innovative and convenient."
The new prize structure will offer AED 5million in every quarter during 2011 and AED 1million for rest of the months.
Beckett continued, "Time and time again, MashreqMillionaire exceeds customer expectations by offering them a chance to make their dreams come true. Our saving scheme is risk-free, capital guaranteed investment opportunity. As we value our customers, we constantly provide distinctive winning options for them. Truly, everyone is a winner with MashreqMillionaire."
In 2010, MashreqMillionaire offered the biggest cash prize draw ever of AED 10million to one single winner in the month of June and AED 5million in December 2010. The saving scheme gave away prizes worth 33.4 million and made 14 millionaires during the year.
Mashreq was the first bank to introduce the AED5 million cash prize draw in 2007 and AED10 million in 2010. Certificates can be en-cashed anytime for their full value after 90 days from date of purchase, as there is a normal charge for encashment within 90 days.
MashreqMillionaire draws are supervised by the Dubai Economic Department to ensure fair and transparent practices. Certificates are available at all Mashreq branches, UAE Exchange, Al Fardan Exchange, Al Ghurair Exchange outlets and also Online from www.mashreqbank.com for banking customers.
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About Mashreq:
Mashreq is one of the leading financial institutions in the UAE. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first to launch such products as travelers' cheques, credit cards and ATMs.
Mashreq has received numerous international awards such as the Best Bank in the UAE in 2008 from Euro money and various awards particularly for quality management. It's most recent acknowledgement was Best Consumer Internet Bank in Qatar 2009 & 2010, Best Consumer Internet Bank regionally by Global Finance Awards 2009 and Best Emerging Market Banks Middle East by Global Finance Awards 2010.
As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.
For further information, please contact:
Samir Hammad
PR Manager, Mashreq
Tel: 04 -6083701 / Mob. 050-8832021
Email: SamirH@mashreqbank.com
Nancy D'Souza
Gulf Hill & Knowlton
Tel: 04 334 4930
Email: Nancy.DSouza@hillandknowlton.com
© Press Release 2011
