NDDSF clears AED 401 Million in debts for 1,277 Emirati citizens

The Nationals Defaulted Debts Settlement Fund (NDDSF) has exempted 1,277 Emiratis from debts totaling AED 401,791,000, in partnership with 18 banks and financial institutions.

This initiative aligns with the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, emphasising social welfare and economic stability.

Jaber Mohammed Ghanem Al Suwaidi, Minister of State and NDDSF Chairman, highlighted the leadership’s commitment to citizens’ well-being and praised the fund’s support for low-income individuals, retirees, and senior citizens. He also commended the banks’ role in fostering societal stability.

Participating institutions include major banks such as ADCB, Emirates NBD, FAB, and Dubai Islamic Bank, among others. Officials from these entities expressed pride in contributing to this national initiative.