Sharjah ruler pays Dh51.9 million to help resolve debt cases

99 Emiratis had their debts paid off in the charitable move

Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah. WAM / Hatem Mohamed

The Ruler of Sharjah has paid off the debts of 99 Emiratis, it was announced on Sunday.

Sheikh Dr Sultan bin Muhammad Al Qasimi donated more than Dh51.9 million ($14.1m) to settle the debt cases "in various categories", Wam official news agency said.

Rashid Bin Al Sheikh, head of the Ruler's court, said the initiative comes as part of "the Ruler's keenness on providing a stable and decent life for nationals who have been struggling with paying off their debts".

The financial cases against the individuals can now be resolved.

This is the 20th occasion Sheikh Dr Sultan has helped local debtors.

In total, this has paid off debts of more than Dh786.8 million for 1,576 people.

In pictures: Sharjah ruler visits Kalba