Dubai: Mashreqbank, a leading UAE lender, will give Dh14.6 million in Mashreq-Millionaire prizes during the month-long Dubai Sho-pping Festival that begins on January 4.
It will give Dh8 million in direct MashreqMillionaire prizes and about Dh6.6 million through daily Lexus raffle draws.
The bank will stage a MashreqMillionaire draw on the first day of the festival where the first prize will be Dh4 million in multiplier draws, a prize of Dh1 million and 200 winners will get Dh5,000 each.
Then throughout the festival there will be weekly draws for Dh250,000 each and on the last day, February 4, a draw will be held for the Dh1 million jackpot.
In addition to giving two Lexus cars every day of the festival, raffle winners will get MashreqMillionaire savings certificates worth about Dh6.6 million.
Every day, a raffle winner will get Dh100,000 and every Thursday five people will each win Dh100,000 in MashreqMillionaire certi-ficates.
Atif Bajwa, vice-president of Mashreqbank, one of the DSF's key-sponsors, said the festival had become a significant contributor to the Dubai economy.
"Mashreqbank's goal in supporting the DSF is to further stimulate the economy by injecting additional funds into the system. This not only benefits our customers but has a multiplier effect in other sectors, including our partners, Dubai retailers and other key sponsors," Bajwa said.
Mashreqbank is also sponsoring Australia's Circus Oz, which will perform at the Dubai Exhibition Centre Hall 3 from January 11 to 13.
Saeed Al Naboudah, CEO of DSF, said: "We are extremely grateful for the active support of Mashreq-bank who never fail to come up with something new to energise the festival. By giving away Mashreq-Millionaire certificates we not only give away the face value of each certificate, but also the chance to win even larger prizes."
