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Sharjah approves $19.6m in debt settlements for its citizens

Total amount processed in settlements since first batch of payments rises to $200m (AED734.87m) for 1,477 beneficiaries

Sharjah approves $19.6m in debt settlements for its citizens [representational image].
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Sharjah approves $19.6m in debt settlements for its citizens [representational image].

The Sharjah Debt Settlement Committee (SDSC) has approved $19.67m (AED72.28m) in debt settlements for the emirate’s citizens, as part of its 19th batch of payments, under the directives of HH Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.

According to the Sharjah Media Office, the Committee head and chief of the Sharjah Emiri Court, Rashid Ahmed bin Al Sheikh, confirmed the approval for the payments.

Since the first batch of payments, the total amount processed has now risen to $200m (AED734.87m) for 1,477 beneficiaries, Al Sheikh added.

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