iPhone | iPad
Android
Huawei
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
KT APPDOWNLOAD
Arcapita acquires storage, moving firm for $541.4m
DUBAI — Arcapita Bank B.S.C. has announced that it and its affiliates have completed the acquisition of PODS, Inc., a leading provider of portable storage and moving solutions for residential and business customers, for a total transaction value of $451.4 million. The transaction was led out of Arcapita’s US office in Atlanta, Georgia.
PODS was founded on a revolutionary concept that has redefined the moving and storage industries, and since its launch in 1998, PODS has grown rapidly to become one of the most recognized brands in these sectors.
The PODS fleet of easily transportable and secure containers can be delivered for loading and unloading right to the customer’s doorstep. In this way, the process of moving and storing household and office goods can be done with superior convenience and service levels compared with similarly priced alternatives. PODS and its subsidiaries operate 16 company-owned locations and have 129 franchise locations operating in the United States, Australia and Canada.
Arcapita’s Chief Executive Officer, Atif A. Abdulmalik, said, “With its concept of portable storage containers, PODS has revolutionised the storage and moving industries, and has successfully turned this advantage into fast growth and rising earnings.”
More news from
Dubai Police have asked drivers to be extra cautious
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
Dubai Police have asked drivers to be extra cautious
The country has set a new Guinness World Record by creating the largest falcon hood, beating the previous record of 1.65 metres
Hamas' health ministry said that 94,616 people have been wounded since the conflict began on October 7
In most Islamic countries, including the Gulf countries, the Prophet's birthday is observed on 12 Rabi’ Al-Awwal 1444
Traffic will be diverted to the opposite side during this period