October winners announced for the National Bonds ‘Save for Life’ promotion

Published November 17th, 2009 - 02:44 GMT

National Bonds Corporation PJSC, the Shari’a compliant National savings scheme of the UAE, has received an unprecedented response to its ‘Save for Life’ festival promotion with bondholders becoming millionaires and proud owners of Mercedes Benz cars every week.

Launched in the first week of October, the promotion which runs till December 31 2009, offers a three-tier winning format for bondholders based on the amount of savings they hold with National Bonds.

In October, five bondholders representing diverse nationalities became millionaires – Mrs. Shubair (UAE), Mr. Muhammad Rahfath Hameed & Mr. Attilathu Varughese Thomas (India), Mr. Hatim Bin Mohammed A Sharif (Saudi Arabia) and Mr. Issam Abed Charif from Lebanon. Four others – namely Mrs. Safaa Mohammed Shammout from Palestine and Ms. Reeva Rafeek, Mr. Ismail Mohamed and Mrs. Sunitha Dodda, all from India, drove away with a new Mercedes-Benz in this 3-month promotion.

As part of the promotion, bondholders saving AED 3,000 and above with National Bonds will be automatically entered in the weekly draw to win a Mercedes Benz C200 Elegance plus 100 other exciting prizes. If the bondholding is AED 10,000 and above,  there is a chance to weekly a Mercedes Benz C200 Elegance, AED 1 million and 100 other  prizes.

Bondholders who have savings of AED 25,000 and above by end December 2009, will be eligible for a Grand Super Saver draw on 2nd January 2010 that offers a fully-furnished two bedroom apartment and a Mercedes Benz S350 L plus the opportunity to win AED 1 million and 100 other prizes.

October also witnessed one of the youngest winners, a two-year-old girl Reeva Rafeek from India who won a Mercedes Benz. Her father Rafeek Yusuf has been saving his earnings with National Bonds, for him and his family.

“I decided to put all our savings in National Bonds after realizing that it was the best place to save during recession as it is a credible saving scheme that helps make our dreams come true” said an ecstatic Rafeek Yusuf, father of Reeva.

Commenting on the response to the promotion, Mr. Mohammed Qasim Al Ali, Chief Executive Officer of National Bonds Corporation PJSC, said: “We are thrilled with the huge response to our ‘Save for Life’ festival promotion, which encourages bondholders to save more and get rewarded for their savings. The first four weeks of the promotion has seen our sales grow exponentially. We are confident that the promotion will be an even bigger success by the time it concludes at the end of this year”.

Apart from the prizes, all bondholders will be entitled to the annual profits disbursed by the Mudaraba Fund managed by National Bonds Corporation PJSC at the end of the financial year. National Bonds are available for purchase in nearly 500 outlets nationwide.

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