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Bahrain-based BMI Bank (BMI), an associate of BankMuscat, announced the launch of an updated prize structure for its flagship product - the Al Mazyona saving certificate prize scheme.
Holders of the certificates will now be entitled to win a total of 812 cash prizes in a calendar year, giving customers a higher chance to win. Instead of 14 weekly prizes, the new Al Mazyona prize scheme will now offer 20 weekly cash prizes of $1,000 each and one monthly cash prize of $10,000.
Additionally, a new grand prize has been introduced, where customers who retain their certificates for a minimum of one month prior to the grand prize will be rewarded with the chance to win $100,000.
Andrew Bainbridge, chief executive officer of BMI said: "This refreshed prize scheme provides customers with a distinct winning advantage.
"The most important factor in choosing a savings scheme to invest in is the chance of winning. Now with a total of 812 prizes we demonstrate our commitment to bringing new and existing customers even closer to winning than they have been before."
The Al Mazyona saving certificate is available for anyone over the age of 18 and is priced at BD50.
Certificate holders will automatically enter into the weekly draw seven days from the date of purchasing the certificates, and are eligible for the monthly and grand prize draws 30 days from the date of purchase with the exception of the draw days.
The first refreshed prize scheme draw was held on January 10.
The names of the 20 winners were announced in our sister daily titles - the Gulf Daily News and Akhbar Al Khaleej last Tuesday. Draws will now be held at the bank's corporate premises in Manama every Sunday.
