Sharjah Allocates AED 69M to Clear Debts of 131 Citizens
- Publish date: Tuesday، 05 March 2024 | Last update: Tuesday، 10 December 2024
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Sharjah announces the approval of AED 69,426,000 to clear debts for more than 100 individuals, following the directives of Sheikh Dr. Sultan bin Muhammad Al Qasimi, Ruler of Sharjah.
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Debt Relief Initiative Continues
The emirate of Sharjah has approved a substantial sum of Dh69,426,000 to settle the debts of over 100 individuals. The announcement, made on Monday, March 5, underscores the commitment of Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to enhance the quality of life for Sharjah's residents.
Committee's Decision
The debt resolving committee for Sharjah citizens has sanctioned the allocated funds to clear the debts of 131 individuals who were previously convicted in financial cases. This latest batch marks the 26th case where such financial support has been extended, reflecting a continuous effort to assist citizens in overcoming financial challenges.
Significant Allocations
Since the inception of this initiative, a total of AED 1,196,560,153 has been allocated across 2,343 beneficiaries, spanning from the first batch to the current one. These allocations signify the government's steadfast commitment to ensuring the welfare and stability of its citizens, particularly during challenging economic times.
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Continued Support for Financial Relief
The decision to provide debt relief underscores Sharjah's proactive approach in addressing the financial needs of its residents, particularly those facing legal repercussions due to financial difficulties. By clearing debts and offering a fresh start, the emirate aims to foster financial stability and promote a better quality of life for its citizens.
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