Business | General
National Bonds unveils new format for draw
From April 1 there will be 5,135 prizes to be won every week
- Gulf News
- Published: 00:00 March 28, 2010
Dubai : National Bonds Corporation PJSC announced yesterday that the Sharia-compliant saving scheme will introduce a new mega draw format from April 1.
Under the new format there will be 5,135 prizes every week, which will be distributed across various prize categories — 5 prizes of Dh10,000, 10 prizes of Dh5,000, 20 prizes of Dh1,000, 100 prizes of Dh500 and 5,000 prizes of Dh100, and a monthly prize of Dh1 million. Bondholders with a minimum of Dh3,000 or more savings will be eligible for the Dh1 million draw while all bondholders regardless of their savings amount are eligible for all 5,135 weekly prizes.
The weekly draw will continue to be held every Saturday, and the monthly Dh1 million draw will take place on the last Saturday of each month.
Mohammad Qasim Al Ali, Chief Executive Officer of National Bonds Corporation PJSC, said: "In bringing about these major changes, National Bonds has lived up to its vision of being ‘Everyone's Favourite Place to Save and Invest'."
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