Fahad Ali Bilal Ali Albalooshi wins AED 1 Million Jackpot in First Gulf Bank’s Emirati Al Awwal Quarterly Draw

First Gulf Bank (FGB), the leading financial partner of choice in the UAE, recently held its fourth quarterly Emirati Al Awwal Draw. Mr. Fahad Ali Bilal Ali Albalooshi won the jackpot prize of AED 1 million, while Jamal Ali Ibrahim Alnuaimi won the runners up prize of AED 100,000 at the draw.

Apart from the two who hit the jackpot, additional 465 lucky winners took home AED 10,000 in cash. The draw was supervised by a representative from the Department of Economic Development, Abu Dhabi.

The Emirati Al Awwal scheme was launched by First Gulf Bank to inculcate the habit of saving regularly amongst Emiratis. The draw is a means of incentivizing the saving process, and is meant to encourage those who save. The program has generated a lot of interest amongst the public and so far, over AED 54.99 Million has been given away to Emirati Customers as part of the program.

Congratulating the winners, Ms. Huda Abdulla, Executive Vice President - Branch Distribution, First Gulf Bank, said: “We at First Gulf Bank would like to congratulate Fahad Ali Bilal Ali Albalooshi on winning the 1 million AED cash prize, as well as all the lucky customers who have won other goodies through this draw. Our idea behind this lucky draw was to create customer engagement and excitement in our product Emirati Al Awwal. We are delighted to see the fantastic response this scheme has received from the public”

“The Emirati Al Awwal programme is First Gulf Bank’s offering to promote sound saving habits amongst the community. We thought that being rewarded for their savings, would add that extra push for our customer, and we are very happy to state that our customer base has been growing every month. Through this unique savings scheme we have already rewarded over 3,206 UAE Nationals, who have won cash prizes of over AED 54.99 million.” Abdulla added.

Commenting on his win, Fahad Ali Bilal Ali Albalooshi said: “I am thrilled to have won this lucky draw. First Gulf Bank is my partner of choice for my banking needs, and it gives me great happiness to see that they truly respect and value their customers. I would like to thank First Gulf Bank for introducing exceptional products in UAE; based on my experience Emirati Al Awwal is a unique and rewarding saving program which helps me to save efficiently and easily.”

The next monthly draw will take place in February 2012 and quarterly draw will take place in April 2012. Emirati Al Awwal Certificates valued at AED 1,000 each, are automatically entered into the monthly draw 30 days after the certificates’ issuance date and into the quarterly draw after 90 days of issuance. The certificates are fully refundable, and can be purchased at any of the bank’s branches in addition to “Larry”, “Al Fardan”, and “Al Ansari Exchange” across the UAE.