Rasheed Bank decided on Thursday to cancel the sponsor's condition for the pensioners' pension.
"The Board of Directors of the Bank decided today to grant the pensioners of MasterCard Cardholders Nakheel an advance of between (2-3) million without a sponsor and in agreement with the National Insurance Company," the bank said in a statement read by Al-Iktissad News.
The statement added that "the bank will start issuing a MasterCard card Nakheel for retirees."
Al-Rasheed Bank was launched in 2016, an advance of three million and a maximum of three million.
SOURCE
"The Board of Directors of the Bank decided today to grant the pensioners of MasterCard Cardholders Nakheel an advance of between (2-3) million without a sponsor and in agreement with the National Insurance Company," the bank said in a statement read by Al-Iktissad News.
The statement added that "the bank will start issuing a MasterCard card Nakheel for retirees."
Al-Rasheed Bank was launched in 2016, an advance of three million and a maximum of three million.
SOURCE