Business
ZAWYA: Gulf Bank rsumes Al Danah Millionaire draws, starting with 272 winners from the postponed draws
ZAWYA: Gulf Bank rsumes Al Danah Millionaire draws, starting with 272 winners from the postponed draws
About this update from Gulf Bank K.s.c.
Total prize value amounts to approximately KD 3.3 million, including the world’s largest cash prize linked to a bank account, valued at KD 2 millionDraws are conducted under the supervision of independent external auditors, in line with the highest standards of governance, transparency, and regulatory complianceFaisal AlAdsani: We are pleased to resume our role in rewarding our customers and fulfilling their aspirations in appreciation of their continued trustNajla Aleisa: Our customers’ trust remains the cornerstone of all our initiatives and long-term commitmentsFollowing the successful completion of all regulatory requirements and upon receiving the necessary approval from the Central Bank of Kuwait, Gulf Bank has announced the resumption of the Al Danah Millionaire Account draws, reaffirming its longstanding role in creating millionaires and delivering value-driven banking experiences in the State of Kuwait.As part of this resumption, the Bank will announce a total of 272 winners within the deferred draws for the year 2025, with a combined prize value of approximately KD 3.3 million. This step underscores Gulf Bank’s continued commitment to transparency, customer trust, and adherence to regulatory frameworks governing prize-linked savings products.According to the approved draw schedule, the deferred draws will be conducted over the course of one week, starting on April 8 with the announcement of the 270 winners of the monthly draws, each receiving a cash prize of KD 1,000. This will be followed by the announcement of the KD 1,000,000 prize winner. The process will conclude with the announcement of the winner of the annual grand prize valued at KD 2,000,000, which is officially recognized by Guinness World Records as the largest cash prize linked to a bank account globally.Commenting on the resumption, Faisal AlAdsani, Acting Deputy Chief Executive Officer at Gulf Bank, stated: “The resumption of the Al Danah Millionaire Account draws comes after full compliance with all regulatory requirements and the instructions issued by the Central Bank of Kuwait. We are pleased to once again fulfill our role in rewarding our customers and supporting their aspirations, in recognition of the trust they continue to place in Gulf Bank.”He added: “In preparation for the resumption of the draws, Gulf Bank has further enhanced its draw mechanisms in line with internati...