Abu Dhabi announces exemption from debts
Abu Dhabi announces exemption from debts

UAE Nationals Debt Settlement Fund has announced an exemption of up to 1,607 Emiratis from paying AED 869.8 million in debt.

 

The exemption was implemented according to the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State.

According to the Abu Dhabi Government Media Office, 12 banks will be part of the program.

It is being implemented with the support of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.