Sharjah Ruler approves nearly AED52 million in debt settlements

• This is the emirate’s 20th group of payments approved to the Sharjah Debt Settlement Committee

• The total amount processed since the first payments is AED 786,786,153 for 1,576 beneficiaries

Sharjah’s ruler Sheikh Sultan bin Muhammad Al Qasimi has approved AED 51,907,000 to settle 99 cases of debt for citizens of the emirate.

This is part of the emirate’s 20th group of payments approved by its Supreme Council member to the Sharjah Debt Settlement Committee, said local reports.

The move is aimed at providing a stable and decent life for its citizens, , in keeping with the directives of Al Qasimi, the reports added.

Rashid Ahmed bin Al Sheikh, chief of the Sharjah Emiri Court and head of the committee, said the panel has approved to pay the debts of people in various categories.

The total amount processed since the first payments is AED 786,786,153 for 1,576 beneficiaries, he added.