Mashreq is introducing a weekly Mashreq Millionaire draw.

The aim is to create more opportunities for our customers to become millionaires and the draw stars from February 15, 2009, said an official spokesman.

“We want to provide customers more support and opportunity to the community at this challenging time,” said Mashreq’s head of retail bank Douglas Beckett.

Mashreq has a legacy of innovative offerings that have inspired product development in the region. Mashreq Millionaire has distributed over Dh280 million ($76.2 million) in its lifespan of 14 years.

The Dh1, 000,000 certificate has created over 170 millionaires in this period across all nationalities and walks of life. Now it will create weekly millionaires for the rest of the year.

Apart from the change in the draw frequency, Mashreq Millionaire has also been simplified as a product. With a new features of ‘invest today, win tomorrow’, investors do not have to invest by a certain date and wait for 60 days to qualify for the usual monthly draw.

“Going forward, all investors will qualify for the next weekly draw as long as they hold a valid certificate on the day before the draw. We continue to simplify our procedures and provide value products to all our customers,” added Beckett.

“Mashreq Millionaire draws will continue to be supervised to ensure fair and transparent practices.” – TradeArabia News Service