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News Article

16 September 2006

With 5000 investors, ADCB Million Dollar Dreams is now fully subscribed

Abu Dhabi, 27 September 2006: ADCB announced today that its unique million dollar prize winning deposit product - Million Dollar Dreams (MDD) • closed for subscription earlier this month. Within a short 10 months, 5000 customers subscribed to the inaugural round of MDD and the grand draw for the 1 Million Dollar cash prize will be conducted in November in line with the rules and regulations of the Department of Economy and Planning.

Ala’a Eraiqat, ADCB's Executive Vice President, Head of UAE Banking Group said ‘ADCB continues to provide innovative financial products for customers. Million Dollar Dreams being fully subscribed in such a short span of time is testimony to the confidence and trust customers place in ADCB. We would like to thank all the 5000 investors who made our first Million Dollar Dreams a great success. In our grand draw in Nov’06, one of our investors will be richer by one Million Dollars.”

Arup Mukhopadhyay, Head-Retail Banking Division at ADCB said “With its unique features of 2% p.a. interest on a 12 month deposit and a pre-defined probability of 1 customer in 5000 winning a million dollars, the MDD program not only raised the excitement levels in the personal financial services sector, but also strengthened the ADCB brand equity.”

Ala’a Eraiqat announced “Million Dollar Dreams has received a fantastic response from customers. Given this response and the growing continuing customer demand, we will launch Million Dollar Dreams • Round II (MDD2), with more cash prizes in addition to the grand prize of 1 Million Dollars.

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