Khaberni - The General Manager of the Development and Employment Fund, Mansour Al-Wreikat, confirmed that the Council of Ministers had earlier approved a grace period for the holders of group loans obtained from the Fund to make arrangements and reschedule their loans before the end of December 31, 2025.
In his speech to "Khaberni", Al-Wreikat pointed out that the holders of the group loans can make these settlements and schedules for up to 10 years without paying any initial amount, and these settlements will result in the cancellation of all interests and penalties accumulated on these loans.
He called on all those who have not benefited from previous rescheduling decisions among the group loan holders to review the branches of the fund spread across all governorates before the end of December 31, 2025, adding that anyone who makes settlements for the group loans before the mentioned date will result in halting all legal actions taken against these borrowers and lifting any restrictions imposed under the public money collection law.
Al-Wreikat also noted that the fund provides financing windows for small and medium projects, especially for women and youth, to support their projects and provide job opportunities in all governorates.
