UAE national suffers stock market losses; becomes millionaire with Dubai Bank
Posted on: December 27th, 2009
Industry: Finance
Country: United Arab Emirates
The past year has been a tough one for investors across the globe, including UAE national Saeed Rashed Saeed Al Shehhi – until the Fujairah resident was named the latest AED 1 million winner in Dubai Bank’s million dirham cash prize draw.
“Winning the Kunooz prize draw has been a gift from God,” said Al Shehhi, who lost more than AED 150,000 on the stock market in the last 12 months. “After losing a huge portion of my savings, I was extremely wary of investing or taking any risks at all.
“That is why I decided to put all my savings in the Dubai Bank Kunooz programme, and the decision has been life changing,” said Al Shehhi. “Thanks to Dubai Bank, I have recovered far, far more than I lost – and the future for me and my family is once again secure. I am so grateful to Dubai Bank for turning around my fortunes!”
Al Shehhi says that he was attracted to the Kunooz account due to its risk-free nature and substantial profit rates. A father of three, he intends to spend his winnings investing in new businesses and making charitable donations.
“We are extremely pleased to announce the latest winner in the Kunooz monthly cash prize promotion,” said Tariq Al Farsi, Head of Branches at Dubai Bank. “In the current economic climate, our customers are focused on safeguarding their savings in a simple and secure manner. Our Kunooz Value Plus account offers them this security, with the additional chance of maximising their investments by winning a host of exciting prizes.”
Under the Kunooz monthly cash prize promotion, each multiple of AED 1,000 deposited in the Kunooz Account qualifies the customer for multiple entries into the draw for daily cash prizes of AED 30,000. For every multiple of AED 5,000 deposited, account holders become eligible for entry into the monthly grand prize draw of AED 1 million. The programme also offers participants the possibility to win more than once.
About Dubai Bank
Since its launch in September 2002, Dubai Bank has placed service, transparency and convenience at the forefront of its operations, introducing a wide range of unique products and services to the market.
On January 1, 2007, Dubai Bank was converted into a Shari’a-compliant financial institution. Today, Dubai Bank offers a comprehensive range of Shari’a-compliant products and services that cater to the needs of its retail, corporate and investment banking clients, including transaction and deposit accounts, personal finance, trade finance, corporate finance and capital market services, as well as a host of other unique banking services. In addition, all of the bank’s activities are carried out in full compliance with the highest global standards of ethical banking. For more information, please visit www.dubaibank.ae
For further information, please contact:
Ghaleb Zeidan / Sudha Hemmad
ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969 Fax: 971-4-3356080
E-mail: g.zeidan@asdaa.com / s.hemmad@asdaa.com
