Barwa Bank has announced Abdulrahman Saad al-Kuwari as the winner of its QR1mn Thara’a grand prize.
The draw was conducted under the supervision of a representative of the qualitative licence and market control department at the Ministry of Economy and Commerce.
Thara’a offers account holders the chance to benefit from cash rewards up to QR1,000,000. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes.
Totalling QR3,300,000, Thara’a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of QR10,000.
On a monthly basis, there are 21 winners per draw for the cash prize of QR5,000 as well as two winners per draw for the cash prize of QR10,000. Additionally, twice a year, there are two winners per draw for the cash prize of QR25,000, two winners per draw for the cash prize of QR50,000 and one winner per draw for the grand prize of QR1,000,000 - rewarding 194 winners in total with cash prizes up to QR3,300,000, Barwa Bank said in a statement.
Announcing the grand prize winner, Khalid al-Subeai, Group CEO at Barwa Bank, said: “We remain committed in our endeavours to provide excellent products and services to our customers, as well as reward them for choosing Barwa Bank as their trusted banking partner. The bank’s Thara’a account is our way of showing gratitude to our valuable customers for opting our Shariah-compliant savings account, with a grand prize of QR1mn."
Coupled with cash prizes and a reward scheme, Thara’a is a product “full of value-added benefits and services”, the statement notes.
Thara’a offers account holders access to Barwa Bank’s innovative banking channels, with benefits including unlimited withdrawals and deposits, as well as free fund transfers across their accounts and through all Barwa Bank channels.
Customers may learn about the many benefits of Thara’a savings account by visiting Barwa Bank’s website - www.barwabank.com
- or by calling the Contact Centre at 800 8555.