Abu Dhabi, 5 March 2011: Abu Dhabi Commercial Bank (ADCB) today announced the first Millionaire Destiny Savings Account (MDSA) Grand Prize Draw winner for the year 2011. Mr. Mujahid Ur Rehman Khawaja, from Pakistan and living in Sharjah, was presented with the AED 1 million cash prize at a ceremony held at an ADCB's branch in Sharjah. The prize was presented by Mufaddal Khumri, Head of Islamic Banking, and Ali Darwish, Head of Branch Network, ADCB.

Commenting on his win, Mr. Mujahid Ur Rehman Khawaja, who opened his MDSA account in November 2009, after being an ADCB customer for about 9 years, said: "I am overjoyed that I've become an MDSA Millionaire; it is a fantastic opportunity for me to expand my business and ensure a good savings plan for my family. I would like to thank ADCB for helping me turn my ambition into reality!"

Mufaddal Khumri, Head of Islamic Banking at ADCB, said following the presentation of the cheque: "ADCB is honored to present Mr. Mujahid Ur Rehman Khawaja with a Million Dirhams as the first winner of the new enhanced MDSA product of ADCB, which now gives away AED 1 Million every month instead of every quarter. Mr. Mujahid's ambitions to expand his business can now be realized all due to his opening an ADCB Meethaq MDSA account. The Millionaire Destiny Savings Account has been very popular amongst ADCB customers as the account provides day to day banking services, whilst also entering them into a significant and regular prize draw at the same time.

We look forward to presenting more cheques to other MDSA winners so they too can accomplish their ambitions."

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About ADCB:
ADCB was incorporated in July 1985 as a public joint stock company in the Emirate of Abu Dhabi, United Arab Emirates. ADCB's authorized and issued share capital is currently AED 4.81 billion. ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council.  Its shares are traded on the Abu Dhabi Securities Market.

As at 31 December 2010, ADCB's total assets were approximately AED 178.271 billion. As at the same date, its capital adequacy ratio was 16.65 per cent. 

As at 31 December 2010, ADCB employed over 3,824 people from 48 nationalities, serving approximately 550,000 retail customers and over 23,000 wholesale clients in 47 branches in the UAE and 2 branches in India.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.

For further information please contact:
Corporate Communications Department ADCB
Tel: +971 (0) 2 696 2380
Fax: +971 (0) 2 610 9852

© Press Release 2011