MashreqMillionaire announces winner of AED 1 Million draw

Two winners at MOE Fashion Dome opening

United Arab Emirates, Dubai, 17th October 2010: MashreqMillionaire, the longest running and most innovative saving scheme announced Mr Mohammed Iqbal, as the winner of the AED 1 million draw for the month of October. The 1 million monthly draw also saw the winning of 500 winners with prizes each worth AED 1,000 and another 20 winners with prizes each worth AED 10,000.

In excitement, Mohammed Iqbal said, "I still can't believe I have won. I just bought the certificates a month ago and today I am richer by one million. I will definitely invest in more MashreqMillionaire certificates, especially that there are other exciting prizes. I would definitely recommend my family and friends to invest in MashreqMillionaire."

MashreqMillionaire also participated in the Mall of the Emirates official opening of its new extension 'Fashion Dome'. The launch event witnessed a MashreqMillionaire draw giving away 10 saving certificate for two lucky draw winners.

Following the biggest single cash prize draw in June 2010 of AED10 Million, MashreqMillinoaire announced AED 5 Million draw in December 2010 along with 1 million special prize draw, rewarding Mashreq's loyal customers holding certificates for more than two years. Along with these mega and special prizes, the scheme continues its monthly prize structure and declares 1 millionaire monthly.

Omar Asghar, Head of Wealth Management commented, "This is a very exciting time of the year where we look forward to yet another grand draw. MashreqMillionaire has always changed lives of our customers, whether it's the small or grand draws .We wanted to reward our customers in a big way."

Other prizes include 500 winners of AED 1,000 and 20 winners of AED 10,000 will be expanded to cover 500 winners of AED 1,000 every month. In total, MashreqMillionaire will reward 521 customers distributed monthly and winning opportunities.

Mashreq Millionaire is a unique savings scheme that allows customers to set aside minimum savings with the potential of becoming a millionaire each month. MashreqMillionaire was launched in 1995 and since then, It has distributed AED 341 millions in total prize money and created 219 millionaires.

The sooner one saves with MashreqMillionaire, the more chances they will have to win the mega prize. For instance, customers saving in July will get free bonus entries into the mega draw at end of the year, increasing their chances six fold and customers saving in August will get five fold their chances where as customers saving in September will fourfold their probability of winning and so on.

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 for banking customers.


About Mashreq:
Mashreq is one of the largest banks 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.

© Press Release 2010


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