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UAE President waives AED 475.154 million in debt for 1,435 Emiratis
Updated On: 30 November, 2025 10:45 AM IST | Abu Dhabi | ANI
The exemptions cover humanitarian and medical cases, low-income borrowers, the deceased, low-income retirees, and senior citizens
Representational pic/iStock
The Defaulted Debts Settlement Fund has waived 1,435 Emirati citizens from debts amounting to more than AED475.154 million, in cooperation with 19 banks and financial institutions in the UAE.
The move comes in line with 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.
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