KUALA LUMPUR (Jan 25): Brahim’s Holdings Bhd is now offering its catering services onboard all electric train services (ETS) operated by Keretapi Tanah Melayu Bhd (KTMB), as well as at rail cafes at KTMB’s stations and terminals. 

In an exchange filing today, Brahim said its subsidiary Brahim’s SATS Food Services Sdn Bhd (BSFS) had signed a catering services agreement with KTMB for the provision of total food and beverages solutions. 

Under the agreement, Brahim will provide manpower for its onboard catering services, as well as operate rail cafes, develop IT software to integrate with KTMB's software for the purpose of capturing sales of pre-booked meals, besides renovating the new catering kitchen hub at Butterworth and Kuala Lumpur stations. 

The agreement is effective May 1, 2017 and will continue for a fixed initial term of five years until April 30, 2022 with an option to extend or renew for another five years. 

“The agreement is expected not to have any material effect on the earnings and net assets per share of the Brahim’s Group for the financial year ending Dec 31, 2018, but is expected to contribute positively to its future earnings,” the group said.

Shares of Brahim’s closed up 1.1% or 0.5 sen at 44.5 sen today for a market value of RM105.15 million.