Nawaf Al Jishi Group shares VAT with customers

Nawaf Al Jishi Group shares VAT with customers

Nawaf Mohammed Al Jishi Group announced that its clients will not be charged the new VAT increase, and that the cost of its products and services will stay unchanged, with consumers paying 5% and the group bearing the remaining 5%. The group’s Chairman, Nawaf Mohammed Al Jishi, said that this decision is intended not only to mitigate the effects of raising VAT on customers, but also to encourage other Bahraini companies and businesses to do the same, with the emphasis at this stage being on supporting economic and commercial recovery and maintaining the flow and circulation of liquidity in the markets. Al Jishi said his group, which is mainly active in the training sector through Safety Training & Consultancy Centre and Excellence Training Solutions, as well as other commercial and real estate activities, has reduced the prices of its services to customers while maintaining its quality, which has contributed to increasing its market share. “At this stage, businessmen in Bahrain must rebuild the company model and streamline expenditure to give more liquidity, which is largely utilized to assist clients and consumers; otherwise, enterprises would not be able to survive in the market for long time.” According to Al Jishi. Al