Better Rewards for Investors as Dubai Bank Launches Value Bouquet

New Investment Product offers 6.25% Profit Rate Per Annum

Dubai, 15 November, 2008 - Dubai Bank, a Dubai Group company, has announced the launch of Value Bouquet, a high-yielding investment product for its Wealth Management clients.

Value Bouquet is Dubai Bank’s Wealth Management offering withvery competitive profit rates of up to 6.25% per annum  . It gives more value to high net worth investors with at least AED 500,000.

 We are excited about the launch of Value Bouquet. Considering the current global investment climate , we have recognized the need to for investors to get better returns on their money,

said Mohamed Amiri, Head of Retail Banking, Dubai Bank.

With Value Bouquet, investors can maximize their returns under two plans. The first plan provides a choice of three investment windows. A one-month term deposit of AED 500,000 will generate a 5% profit rate, while 3 months and 6 months term deposits will yield 5.25% and 5.50% as profits respectively.

The second plan is for a minimum period of one year. Two investment options are offered under the one year term plan. A profit rate of 5.75% will accrue to investors with less than AED 5million, while 6.25% profit is offered to investors with AED5 million and above in investments.  

Dubai Bank’s Wealth Management offering, has an excellent blend of personalized banking and Sharia’a compliant holistic advice on both investment and deposit solutions. A team of experienced investment advisers support customers across a range of banking needs.  

Notes to Editors

About Dubai Bank:

Dubai Bank is owned by Dubai Banking Group – the global Sharia'a compliant company of Dubai Group, a member of Dubai Holding. Since its launch in September 2002, Dubai Bank has challenged traditional banking practices by placing service, transparency and convenience at the forefront of its operations and introducing unique products and services to the market. On January 1, 2007, the Bank became a Sharia'a compliant financial institution, with a comprehensive range of Sharia’a compliant retail and investment banking products. In addition, all of the Bank’s business activities are being carried out in a manner that ensures compliance with the standards of ethical banking that are currently followed by a number of banks around the globe.

For more information visit www.dubaibank.ae