Sharjah Allocates AED 69M to Clear Debts of 131 Citizens
- Publish date: Tuesday، 05 March 2024
- Related articles
- UAE to Waive Traffic Fines of the Last 5 Years for Omanis
- Sharjah Raises Compensation for Rain-Damaged Homes to AED50k
- Renting Houses in Al Dhaid Prohibited to Non-Citizens
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.
Read More: Average Salaries in Sharjah
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.
Read More: Top Ten Places to Visit in Sharjah
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.
Join our FREE WhatsApp news channel and stay up to date about events happening in the GCC.
Get your horoscope reading to your inbox by 6 a.m. every morning! Sign up here.