Upon President’s directives, Debts Settlement Fund waives over AED139 million for 222 citizens

ABU DHABI / WAM

In implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and under the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Defaulted Debts Settlement Fund has exempted 222 citizens, including retirees and social support categories, from debts totalling more than AED139.879 million.
In a statement, the Fund affirmed that the initiative reflects the wise leadership’s vision to ease the lives of citizens and ensure them a dignified and stable standard of living. It also contributes to advancing social development by alleviating financial burdens, supporting retirees and social support beneficiaries, and fostering family stability.
Aligned with the UAE’s national strategy for sustainable development, the initiative underscores a commitment to social cohesion and prosperity, with particular attention to those who served the country and the community’s most vulnerable.
In support of financial and social stability, the initiative will clear debts exceeding AED86.476 million for 132 retirees, in addition to exempting 90 citizens under the social support category from debts totalling more than AED53.403 million. The statement further emphasised that this initiative embodies President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s commitment to alleviating financial burdens on citizens. It also highlights his prudent vision to ensure a dignified life for Emiratis, promote their well-being, strengthen family and community stability, and uphold the values of cohesion and solidarity that characterise Emirati society.