UAE waives debts worth AED 475 million for 1,435 citizens ahead of National Day celebrations-here's why

Updated on 30 Nov 2025 | Category: Business

The UAE's Defaulted Debts Settlement Fund has waived off over AED 475 million for 1,435 citizens, in collaboration with 19 banks, with the aim of easing financial burdens and promoting well-being. The initiative targets low-income individuals and includes medical and humanitarian cases.

The UAE's Defaulted Debts Settlement Fund has waived debts amounting to more than AED 475.154 million for 1,435 Emirati citizens, in cooperation with 19 banks and financial institutions, ANI reported.
The move aligns with the directives of President ...