Abu Dhabi: The Nationals Defaulted Debts Settlement Fund (NDDSF) announced the exemption of 1,277 citizens from their debts, totaling AED401,791,000, in collaboration with 18 banks and financial institutions across the country.

According to Emirates News Agency, this initiative aligns with the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and is overseen by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court. The program aims to eliminate obstacles faced by Emirati citizens, thereby ensuring their social welfare and economic prosperity.

Jaber Mohammed Ghanem Al Suwaidi, Minister of State and Chairman of the Supreme Committee of the NDDSF, highlighted the leadership’s commitment to the welfare of citizens under the guidance of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. He also acknowledged the dedication of His Highness Sheikh Mansour bin Zayed Al Nahyan to the fund, which supports various ben
eficiaries, including low-income individuals, retirees, and senior citizens.

Al Suwaidi expressed appreciation for the banks and financial institutions involved in the debt settlement process, emphasizing their contribution to societal stability and the wellbeing of citizens. The list of participants in this debt waiver initiative includes prominent banks and entities such as Abu Dhabi Commercial Bank (ADCB) Group, Al Hilal Bank, Emirates NBD, Mashreq Bank, First Abu Dhabi Bank (FAB), Abu Dhabi Islamic Bank (ADIB), and several others.

Officials from these banks, financial institutions, and national companies expressed their satisfaction and pride in participating in this national initiative through the Debt Settlement Fund, aimed at serving the interests of citizens and society.