UAE President waives nearly AED 140 million in debt for Emiratis

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 222 Emiratis, totalling AED 139.87 million.

Among the beneficiaries, 132 retirees will have debts exceeding AED86.476 million waived, while 90 citizens under the social support category are cleared of more than AED53.403 million.

The initiative run by the Defaulted Debts Settlement Fund reflects the UAE leadership’s commitment to social cohesion and the well-being of vulnerable groups.

It also advances social development by easing financial burdens, strengthening family stability and upholding the values of solidarity that define Emirati society.