His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces, today received a delegation from the banks participating in the Debt Settlement Fund initiative to exempt 3,310 nationals of the United Arab Emirates from their debt.
The initiative came in translation of the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, as well as the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister for Presidential Affairs, to remove all obstacles faced by Emirati citizens and ensure the social and economic welfare of the society.
Sheikh Mohamed expressed his gratitude to the delegates of the participating banks for their positive response and their contribution to making the initiative a real success as well as their commitment to their corporate social responsibility obligations.
“The United Arab Emirates, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is committed to guaranteeing the fundamental principles of a decent life for nationals of the United Arab Emirates, including their rights to social and family stability. “, said Sheikh Mohamed.
The Debt Settlement Fund recently announced that AED361 million in loans from 3,310 UAE nationals have been canceled in cooperation with 13 banks.
National banks that waived debt included Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, Emirates NBD, First Abu Dhabi Bank, Dubai Islamic Bank, RAKBANK, Al Hilal Bank, Union National Bank, Noor Bank, Emirates Islamic, Commercial Bank of Dubai, Sharjah Islamic Bank and Arab Bank for Investment and Foreign Trade (Al Masraf).
Present at the Qasr Al Bahr Majlis were His Highness Sheikh Hamdan bin Zayed Al Nahyan, the sovereign’s representative in the Al Dhafra region; His Highness Sheikh Tahnoun bin Mohammed Al Nahyan, Representative of the Ruler of Abu Dhabi in the Al Ain region; His Highness Sheikh Saif bin Mohammed Al Nahyan; His Highness Sheikh Sorour bin Mohamed Al Nahyan; His Highness Sheikh Issa bin Zayed Al Nahyan; His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of the Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation; His Highness Lieutenant General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior; His Highness Sheikh Hamed bin Zayed Al Nahyan, Head of Court to the Crown Prince of Abu Dhabi; His Highness Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Board of Zayed Higher Organization for Humanitarian Care and Special Needs, ZHO; His Highness Sheikh Sultan bin Khalifa Al Nahyan, Advisor to the President of the United Arab Emirates; Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, and Sheikh Hamdan bin Mubarak Al Nahyan.
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