Governor,

Having perused the provisions of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank & Organization of Financial Institutions and Activities; and

Circular No. 31/2013 on Regulations regarding Mortgage Loans.

The Central Bank's Board of Directors has issued the following resolution:

Article One:
The text of the second paragraph of item (3) of Article (3) of Circular No. 31/2013 on Regulations regarding Mortgage Loans shall be replaced with the following text:

(The maximum age at the time of the last repayment should be determined by the mortgage loan providers in accordance with their risk management and lending policies).

Article Two:
This Resolution shall be communicated to whomsoever is concerned for implementation, and shall be published in the Official Gazette in both Arabic and English.