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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

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Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

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Masdar issues $1bn bond

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Saudi Arabia’s first social network Jaco attracts 1m users in 2 months

The acquisition of one million users in a few weeks indicates Jaco might be able to change the rules of the game. (File)
  • The Saudi Arabian entrepreneur and supervisor of the project expressed confidence that Jaco will reach 5 million users by the end of the year.
  • At the official launch ceremony of the Jaco application in Riyadh, the supervisor expressed happiness at the success of the social network.

RIYADH, SAUDI ARABIA:   The supervisor of the Kingdom’s first social network Jaco – Saudi entrepreneur Fahd Al-Shidi announced that the team is working to reach five million users soon.

He added that Jaco’s attraction of over one million users in the coming two months from other networks, including well-known names, proves that people share our ambitions to present the world with a leading Arab social networking platform.

At the official launch ceremony of the Jaco application in Riyadh, attended by influencers and VIP guests, Al-Shidi expressed his happiness with the success the social network has achieved so far.

He announced that the network has acquired one million new users in just two months. He expressed his confidence that Jaco will reach five million users by the end of the year.

He added that launching a new network like Jaco is a difficult challenge, but its acquisition of one million users in a few weeks indicates that it could change the rules of the game.

The announcement received widespread attention, as the hashtags #Jaco_Million_User and #Jaco_Million_Subscriber dominated various social media platforms, including Twitter, on Thursday.

This generated significant engagement from renowned Saudi, Gulf, and Arab social media influencers.