Dubai's RTA to support employees with loans

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Dubai, RTA, Beit Al Khair Society, Dubai, insolvency,  loans

The MoU opens the way for employees experiencing tough living conditions to receive support.

By Staff Report

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Published: Mon 16 Dec 2019, 1:22 PM

Last updated: Tue 17 Dec 2019, 7:34 AM

Roads and Transport Authority (RTA) and Beit Al Khair Society in Dubai have signed a Memorandum of Understanding defining the basis of lending support to insolvent debtors and individuals in need of financial support.
The step is part of the ongoing strategic cooperation between the two parties in serving the community.
The MoU was signed in RTA Head Office by Mohammed Obaid Al Mulla, Board Member and Chairman of the Higher Committee of Charity Foundation, RTA; and Abdeen Taher Al Awadi, General Manager of Beit Al Khair Society.
"The signing of the MoU opens the way for employees experiencing tough living conditions, such as chronic diseases or insolvency, to receive support. RTA will refer such cases to Beit Al Khair Society for studying and decide on the financial assistance needed in accordance with the applicable rules and regulations of donations," said Al Mulla.
"In case financial assistance approved, RTA will provide the required donation through staff contributions. In case the amount raised falls short of the required sum, RTA Foundation will top-up the donation. The culture of philanthropy work is deep amongst our employees, thanks to a work environment characterised by cooperation, compassion and charity values," he added.
"RTA Foundation has broad humanitarian contributions at the local, regional and global levels as well as within RTA. Its strategies are aligned with the Dubai Government's drive of extending a helping hand to the needy. All such efforts are a manifestation of the charitable and humanitarian legacy of the late Sheikh Zayed bin Sultan Al Nahyan," added Al Mulla.
"We thank RTA for selecting Beit Al Khair Society to study cases of insolvent employees, and families facing financial hardships. Beit Al Khair has a comprehensive system for conducting social research, assessing the extent and type of insolvency, and deciding on the assistance needed. RTA has previously partnered with Beith AL Kheir where vehicles of the charity, are exempted from toll and paid public parking. Such initiatives underscore RTA's commitment to its corporate social responsibility as well as a humanitarian spirit of serving the community," commented Abdeen.

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