Mashreq Announces the Biggest Millionaire

Dubai,United Arab Emirates: Anticipation and excitement culminated with the announcement of MashreqMillionaire’s  AED 5 million winner - the largest prize in the history of the UAE. Sadanandan Raghavan scooped the grand prize following the MashreqMillionaire live raffle - the unprecedented saving scheme destined to change people’s lives forever.

The draw was part of Mashreq’s 40^th anniversary celebrations which sees greater emphasis on opening the way for customer investment opportunities. The prize money is the largest amount given out by any organization in UAE history and ties in with the promise that ‘Mashreq Makes More Millionaires’.

Sadanandan Raghavan who runs a car workshop in Sharjah, purchased ten Mashreq certificates, totaling 10,000AED in a bid to win the most sought after MashreqMillionaire prize. “I never thought I would be so blessed to win!” enthused Sadanandan. “Mashreq has truly opened a host of possibilities for me.” The 10 certificates were purchased from MashreqMillionaire in the last day on the 10^th of May.

MashreqMillionaire is an unparalleled saving scheme that allows customers to enter a monthly prize draw of one million AED every month. The investment is totally risk free and is open to both residents and non residents of the UAE. The more certificates you own the more chances you have to win. Certificates are carried over every month and can be en-cashed for their full value for no extra charge.

“Dubai is the city of opportunities - a place where people come from all over the world to fulfill their dreams” commented Nabil Malik, Retail Banking Group, mashreq. “At mashreq, we believe in helping people realize their dreams by opening a host of opportunities and the MashreqMillionaire scheme is the perfect example of our ongoing commitment. I’d also like to add that the excitement for MashreqMillionaire customers is not over yet.  MashreqMillionaire is now reloaded with prizes of AED 1 million in June and July, followed by a blockbuster prize of AED 4 million at the end of August!”

The draw was overseen &conducted by the UAE Department of Economic Development to ensure the transparency and accuracy of the raffle. So far, MashreqMillionaire has shaped the lives of 159 millionaires in the last 12 years, paying out over AED 267 million in total prize money.

“MashreqMillionaire has touched many people’s lives helping them financially or allowing them to develop their business dreams. We are proud to be a bank that opens the way for our customers to go in to the future feeling safe and secure,” concluded Malik.

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About Mashreq

Mashreq is the largest private bank in the UAE and also the second oldest. 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 travellers’ cheques, credit cards and ATMs.

It is invariably among the highest performing banks in the region. Last year it recorded a Net Profit of over US$470 million from a Total Operating Income of $844 million. At the end of last year its Total Assets stood at $15.2 billion

Mashreq has received numerous international awards, particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin.

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:

Saad Hakim, Dahlia Najjar & Iman Issa

PR Manager, Mashreq Gulf Hill & Knowlton
Tel: 04 6083707 Tel: 04 334 4930
Email: SaadHa@mashreqbank.com
Email: Dahlia.najjar@hillandknowlton.com
Email: Iman.issa@hillandknowlton.com