Mashreq creates 15 Millionaires in first quarter of 2009
09 June 2009
Dubai, United Arab Emirates, June 09, 2009 - 15 weeks, 15 draws, leading to 15 UAE millionaires in the first quarter of 2009, have been created through MashreqMillionaire, the unique risk-free savings scheme. Designed by Mashreq, the savings scheme has promised to create greater investment opportunities for its customers, with the added incentive of better chances for them to become millionaires.
With a new product strategy and focus unveiled during the first quarter of the year, MashreqMillionaire now operates a weekly draw each Thursday with an ‘Invest today, win tomorrow’ philosophy. MashreqMillionaire provides greater flexibility for customers saving plans in light of the current economic climate, which requires banks to provide customers with improved savings options.
“The challenging economic environment has made customers re-evaluate their investment strategies and focus, with greater emphasis on how they can get the most value out of their money,” said Douglas Beckett, Head of Retail Banking in Mashreq. “While cutting back on their spending, customers have begun to question a host of decisions that are usually taken for granted. In a bid to support the community within which we operate, we encourage customers to invest in MashreqMillionaire which is a governmental backed capital guaranteed plan that allows them the chance to save and be substantially rewarded.”
The festive MashreqMillionaire draws are held in various malls and outdoor locations across the UAE with games, quizzes and prizes. They have the utmost level of transparency and are conducted by Mashreq officials, members of the Dubai Economic Department, and Dubai Government in front of large audiences.
Recent winners of the MashreqMillionaire scheme include; six year old Salem, a UAE National from Abu Dhabi, 28 year old Mohammad Javed-ul-Alam, who held six certificates which he invested only forty days prior to the ballot, and Rajan Swamy, who considered withdrawing his investment two days before being informed that he had won. Other winners include the 21 year old Pakistani national, Muhammad Akram Manzoor Ahmed who had been struggling to find a job since moving to the UAE. He purchased 13 MashreqMillionaire certificates in July 2008, and his luck finally kicked in on 26th March this year - he now plans to start his own transport business with the winnings.
“Each of our winners has a unique story to tell, and each has had their lives enhanced through our savings scheme. It is extremely rewarding to provide customers with a product through which their lives can be dramatically changed for the better,” added Omar Salem Asghar, Head of Wealth Management in Mashreq. “As part of our promise to be the most convenient bank in the UAE, we continue to simplify our processes and provide value added services, and creative and rewarding products to all our customers.”
Having distributed over AED 280 million in its lifespan of fourteen years, Mashreq’s legacy of innovative offerings has inspired product development throughout the region. It has created over 170 millionaires since its inception across many nationalities and will continue to do so through weekly draws.
The next draw will be held on June 11, 2009 at Qanat Al Qasba. Mashreq Millionaire certificates are available at all Mashreq branches, UAE Exchange and Al Ghurair Exchange outlets. Mashreq’s banking customers can also purchase online via www.mashreqbank.com.