Sharjah allocates Dh46m for debt settlement

Sharjah officials have allocated more than Dh46 million for the settlement of debts for 77 defaulters.

SHARJAH // The Sharjah Debt Settlement Committee approved more than Dh46 million for settling 77 cases.

The allocation is to be used to pay the debts of 77 people who are wanted or convicted in financial cases, or other defaulters.

The move follows the directives of Dr Sheikh Sultan bin Mohammed Al Qasimi, Ruler of Sharjah, to ensure decent lives for Emirati citizens.

Rashid bin Al Sheikh, chief of the Sharjah Emiri Court and head of the committee, said it had disbursed more than Dh269.5 million to 647 beneficiares, according to the state news agency, Wam.