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UAP carryout property and casualty (P&C) and health insurance businesses in Kenya, along with property investment portfolio and life insurance business.
In Kenya, UAP has the third largest Property & Casualty (P&C) market share; the second largest health insurance business; a substantial property investment portfolio and a fast growing life insurance business.
5bn property investment portfolio, including over 8,000 properties nationwide.
This was principally driven by the sale of one plot on Shams Abu Dhabi, construction revenue from the Watani project and rental income from Sorouh's property investment portfolio.
She added: "A couple of years ago I moved to Birmingham city centre, where I continued with freelance hairdressing while also growing a property investment portfolio.
There is a large property investment portfolio that is not eligible as I understand it, to go into Nama and that resides to a significant degree, with Anglo.
The main change to our property investment portfolio was the sale of Wellington Buildings, Liverpool, and improvements to our asset base through internal investments which helped maximise value.
The Board has identified the opportunity to acquire the APL Ocean property investment portfolio and therefore made the decision to widen the scope of its investment criteria, whilst remaining focused on retail properties where the Board believes LAP can enhance shareholder value through its active property management approach.