MashreqMillionaire announces the Biggest Cash Prize ever of AED 10 Million
22 December 2009
United Arab Emirates, Dubai, 22nd December 2009: MashreqMillionaire, the longest running and most innovative savings scheme in the UAE, has announced its new prize structure for 2010, introducing the biggest single cash prize ever. The mega draw, which will take place in June 2010, will reward one winner with a prize of AED 10 Million prize.
MashreqMillionaire will also reward 20 customers with smaller prizes of AED 10,000 every month in addition to its monthly draw of AED 1 Million which will be held on the first Thursday of each month.
“MashreqMillionaire is more than a prize; it’s a saving scheme that reaches out to all segments of our community as a risk-free, capital guaranteed investment opportunity. We were the first bank to give out AED 5 Million last year and launch the weekly millionaire draws, and once again we are the first to deliver an even more rewarding opportunity with a single prize of AED 10 Million,” said Douglas Beckett, Head of Retail Banking Group, Mashreq.
“Since its inception in 1995, MashreqMillionaire has been the UAE’s most popular and most rewarding savings scheme that has transformed many lives. 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 ‘multiplier option’ gives certificate holders the chance to multiply their entries into the draw. The sooner one saves with MashreqMillionaire, the more chances they will have to win the mega prize. For instance, customers saving in January will get free bonus entries into the mega draw, increasing their chances six fold and customers saving in February will get five fold their chances where as customers saving in March will four fold their probability of winning and so on.
All MashreqMillionaire customers holding 10 or more certificates will qualify to enter the AED 10 Million draw. Certificates are carried over every month to subsequent draws and 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.
“We encourage everyone to put some of their savings in MashreqMillionaire. It is a very simple process and customers have the chance to be rewarded for their savings,” concluded Beckett.
Mashreq has a legacy of simple and innovative offerings. The MashreqMillionaire savings scheme has so far created 48 Millionaires in 2009 and will continue to see the creation of further Millionaires in the year 2010. Over its lifespan of 15 years, it has distributed over AED 330 million and created over 210 millionaires.
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.