The government in Abu Dhabi has announced the exemption of 1,607 Emiratis’ debts worth AED869,845,000 as part of the country’s Citizens’ Debt Settlement Fund.
In an announcement made on Twitter by the Abu Dhabi Media Office, the exemption was implemented as per directives of the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan.
A total of 12 banks across the country will be participating in the program.
Under the directives of Khalifa bin Zayed, with the support of Mohamed bin Zayed and the follow-up of Mansour bin Zayed, the Citizens’ Debt Settlement Fund announces the exemption of 1,607 citizens from debts worth AED869,845,000 with the participation of 12 banks across the UAE. pic.twitter.com/oBjAi3o9Na— مكتب أبوظبي الإعلامي (@admediaoffice) November 30, 2020