emirates7 - Acting on the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and under the supervision 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 written off debts amounting to over AED139.879 million for 222 Emirati citizens, including retirees and individuals receiving social support.
In its announcement, the Fund stated that this initiative embodies the leadership’s commitment to easing the financial burdens of citizens and ensuring them a stable and dignified quality of life. The measure also plays a key role in promoting social progress by supporting retirees and those in need, thereby enhancing family stability.
As part of the UAE’s broader national strategy for sustainable development, the initiative demonstrates a strong dedication to fostering social unity and prosperity, especially for those who have served the nation and society’s most vulnerable groups.
To bolster both financial and social stability, the initiative will eliminate debts worth over AED86.476 million for 132 retirees and forgive more than AED53.403 million in debts for 90 citizens receiving social support.
The Fund’s statement further reiterated that this effort reflects President Sheikh Mohamed bin Zayed Al Nahyan’s deep commitment to reducing the financial strain on Emiratis. It also highlights his forward-thinking approach to enhancing citizens’ quality of life, reinforcing family and community bonds, and promoting the values of unity and solidarity that define Emirati society.
In its announcement, the Fund stated that this initiative embodies the leadership’s commitment to easing the financial burdens of citizens and ensuring them a stable and dignified quality of life. The measure also plays a key role in promoting social progress by supporting retirees and those in need, thereby enhancing family stability.
As part of the UAE’s broader national strategy for sustainable development, the initiative demonstrates a strong dedication to fostering social unity and prosperity, especially for those who have served the nation and society’s most vulnerable groups.
To bolster both financial and social stability, the initiative will eliminate debts worth over AED86.476 million for 132 retirees and forgive more than AED53.403 million in debts for 90 citizens receiving social support.
The Fund’s statement further reiterated that this effort reflects President Sheikh Mohamed bin Zayed Al Nahyan’s deep commitment to reducing the financial strain on Emiratis. It also highlights his forward-thinking approach to enhancing citizens’ quality of life, reinforcing family and community bonds, and promoting the values of unity and solidarity that define Emirati society.