One year old boy becomes Dubai Bank’s latest Kunooz Millionaire

A one-year-old Emirati boy was today announced as the September winner of the Dubai Bank Kunooz Savings Account draw. Mohammed Rashid Bin Fatise Al Mutiwei, the youngest ever winner of the million dirham Kunooz cash prize, follows in the footsteps of his father, who won the grand prize in 2010.

The monthly Kunooz one million dirham draw is part of Dubai Bank’s strategy to reward its valued customers and grow their net worth. The winner’s father Rashid Khalifa Bin Fatise Al Mutiwei, who is standing as a candidate in the upcoming Federal National Council elections, won the grand prize last year and used the entire one million dirhams to open Kunooz accounts for each of his children.

It was young Mohammed, however, who has proved to be the luckiest, winning one of the many monthly 10,000 dirhams prizes in both July and August before scooping the September award.

“As a previous grand prize winner, I am very aware of the great benefits of the Kunooz Savings Account,” said Rashid Khalifa Bin Fatise Al Mutiwei. “On my son’s behalf, I will invest the full one million back into his Kunooz account, meaning he will have many more chances to win before he reaches adulthood.”

Mr. Waleed Saeed Al Awadi, Head of Branches and Royal Banking, Deputy Chief Marketing Officer said: “Every month the Kunooz monthly draw brings happiness to many people across the UAE, but September’s winner is particularly pleasing. The Kunooz Savings Account is designed to help customers preserve and grow their wealth. Over the coming years, young Mohammed will have every opportunity to maximise the benefits of Kunooz and, in doing so, create a wonderful platform upon which to enter adulthood.”

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.