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Emergent Biosolutions El-Hibri

June 22nd, 2009 admin No comments

Fuad El-Hibri has filed an intention with the SEC to sell 1.1 million shares of stock:

On January 20, 2009, Emergent Biosolutions announces that Fuad El-Hibri has filed an intention with the SEC to sell 1.1 million shares of stock: 13.5 million shares had been issued to date with 47% controlled by Fuad El-Hibri. It also announced Stage II testing of vaccines for Typhoid, Hepatitis B, and Tuberculosis.

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Fuad El-Hibri remembers Ibrahim Y. El-Hibri

June 21st, 2009 admin No comments

Ibrahim was the beloved husband of Liane El-Hibri and father of Fuad El-Hibri and Samir El-Hibri and Yasmine Gibellini.  He had six grandchildren, whom he cherished and adored.  He is also survived by his father, Yahia El-Hibri, two sisters, Dr. Azizah Al-Hibri and Dr. Huda Zoghbi, and two brothers, Dr. Jamal El-Hibri and Dr. Tayeb El-Hibri.

Businessman and philanthropist Ibrahim Y. El-Hibri passed away on August 23, 2007.

Born in Beirut, Lebanon, on September 8, 1936, Ibrahim became a successful telecommunications engineer and entrepreneur who built nationwide telecommunication networks in many countries around the world.  In his later years, he focused on life sciences, supporting the development of life saving vaccines.  Among numerous other accomplishments, Ibrahim received official decorations for extraordinary deeds from the Governments of Germany, Lebanon and Venezuela.

As an unwavering philanthropist, Ibrahim was tireless in his support of children and orphans in Lebanon and other parts of the world.  His generosity, kindness, and commitment to these endeavors in the spirit of Islam will be sorely missed.  The El-Hibri Charitable Foundation will carry on his legacy.

The traditional 4-day memorial service was held for him on November 18, 2007, during which his son, Fuad, delivered remarks about his father’s life and accomplishments.

Mr. El-Hibri was the very first subscriber to Al-Hewar Magazine back in 1989.  We will remain forever grateful to Mr. El-Hibri for his ceaseless encouragement for our efforts over the years.

God bless his soul.

Fuad El-Hibri final remarks Ibrahim El-Hibri memorial

November 18, 2007

Ibrahim El-Hibri MEMORIAL

Fuad El-Hibri REMARKS

Thank you so much, ladies and gentlemen, for attending my father’s memorial tonight.  In the Middle East, it is customary to grieve for 40 days after the passing of a loved one.  This is why we waited until now to hold the memorial for him. — This is the official reason — the practical reason is that we wanted to host the event at the El-Hibri Charitable Foundation here in this building — and as you can see, the building has been undergoing major renovation until Friday – a very close call.

Before we start, I would like to thank Rusty Squire for supervising the recent renovation of this building – also, Bob Smith, President and Zen Hunter-Ishikawa, Director of the Foundation, for managing the logistics for this event.  Last but not least, I would like to thank my sister, Yasmine, for helping organize and coordinate this important event.

Tonight, we want to remember my father – we want to celebrate his life – we want to share stories.  It has been almost three months, and we still cannot believe that he has moved on!

Tonight, we will have 7 speakers, friends and family members who have asked to make a few remarks in his honor.  Since I was given the pleasure to welcome you all, I will start.

As many of you know, my father was an extraordinary man – a successful businessman, a devout Moslem, a generous philanthropist, a loving husband, a family patriarch.  His generosity spanned a wide spectrum – from financial giving – to love, affection, and an unwavering commitment to those he loved.

First, let me tell you about – My father as a successful businessman

He studied electrical engineering in Hanover, Germany as a young man.  After 5 years of education, he joined Philips – at the time, one of the premier telecommunications companies in the world – to pursue a career which turned out to be a monumental success.  Among his remarkable accomplishments:

1. He helped the Saudi Arabian government to build its first nationwide telecommunication network – the largest telecom contract ever signed in the world at that time.
2. He constructed the longest microwave link connecting the Sudan and Saudi Arabia – a deed commemorated by a stamp that was issued in Italy for this project.
3. He built the first GSM mobile network in Russia, now with over 20 million subscribers in the Moscow region alone.

There are many more…  My father had an air about him that mesmerized people – he was bright, formal, respectful, elegant, and extremely charismatic.

He demanded the impossible and actually often succeeded in achieving the impossible.  I witnessed meetings during which he had the power of conviction that left people reeling for many days.

His ability to persuade and persevere – was uncanny.  He was decorated for extraordinary public service by the government of Germany, Lebanon, and Venezuela.

And now – My father as devout Moslem

My father gained his strength and energy from his belief in God.  This spiritual foundation enabled him to consistently project a positive outlook on life and people – it was truly infectious.  I have never seen him depressed or anything short of jovial and excited to be around his family and friends.  My father believed in interfaith and the commonality of the three monolithic religions – stressing similarities rather than differences.

Bringing believers in one God together was one of his primary goals.  He wanted to portray Islam in a manner that it deserves – in an objective, unbiased, and constructive way.  As a believer, he put words into action – he purchased this building and started The El-Hibri Charitable Foundation with one of its main missions focused on interfaith education and integration.

And now – My father as a generous philanthropist

In addition to the Foundation, my father was a great supporter of orphans.  He believed that no child should be left behind – well before our politicians came up with this slogan!

To provide shelter and a home, he constructed and dedicated a building in Beirut that can house, feed, and educate over 200 orphans.

Also, many friends and family members were able to earn advanced degrees from some of the best universities in the US and around the world because of his financial support.  There are many other philanthropic deeds – too many to list them all.  His generosity was endless – and his gifts kept on giving.  His hospitality was boundless, warm, – and emanated deep from his heart.

And now – My father as a loving husband

At the tender age of 22, my father married the love of his life.  It was love at first sight – or should I say bite!  My father used to love giving us ever so gentle bites on our forearms when we were younger.  The ultimate testimony of his steadfast love for my mother is 50 years of marriage.  Always concerned for her well being, my father showered her with gifts, protected her from the less pleasant realities of this world, and allowed my mom to focus her undivided attention to our family.  We children are the true beneficiaries of our father’s love and care for our wonderful mother.

And finally – My father as a family patriarch

As the head of our family, he was an exemplary father, a doting grandfather, a caring eldest brother. Very disciplined and principled in his way, he taught us well and always led by example.

He would light up – with a grin from ear to ear – when family would come to visit him, especially his grandchildren, which he adored so much.

When spending time with his family, he relaxed and radiated exuberance – these moments were clearly the climax of his life.  And – he had a great sense of humor.  My father, who spoke 7 languages fluently, was able to mimic characters from movies and real life – flawlessly.  We would all burst out in laughter.  One of his greatest pleasures, however, was watching Faiza, his then youngest granddaughter, perform.  He was the first to recognize Faiza’s wonderful talent and skill in performing arts and theater.  He would ask her to act over and over again – what joy he derived!  His legacy continues with her.  We miss him sorely.

There is so much more to share and many legacies left behind – but I must allow others to speak.  Thank you, ladies and gentlemen – now I would like to ask Farouk Jabre, a dear friend of my father’s, to come to the podium.

El-Hibri dedication

Businessman and philanthropist Ibrahim Y. El-Hibri passed away on August 23, 2007.

Born in Beirut, Lebanon, on September 8, 1936, Ibrahim became a successful telecommunications engineer and entrepreneur who built nationwide telecommunication networks in many countries around the world.  In his later years, he focused on life sciences, supporting the development of life saving vaccines.  Among numerous other accomplishments, Ibrahim received official decorations for extraordinary deeds from the Governments of Germany, Lebanon and Venezuela.

As an unwavering philanthropist, Ibrahim was tireless in his support of children and orphans in Lebanon and other parts of the world.  His generosity, kindness, and commitment to these endeavors in the spirit of Islam will be sorely missed.  The El-Hibri Charitable Foundation will carry on his legacy.

Ibrahim was the beloved husband of Liane El-Hibri and father of Fuad and Samir El-Hibri and Yasmine Gibellini.  He had six grandchildren, whom he cherished and adored.  He is also survived by his father, Yahia El-Hibri, two sisters, Dr. Azizah Al-Hibri and Dr. Huda Zoghbi, and two brothers, Dr. Jamal El-Hibri and Dr. Tayeb El-Hibri.

The traditional 4-day memorial service was held for him on November 18, 2007, during which his son, Fuad, delivered remarks about his father’s life and accomplishments.

Mr. El-Hibri was the very first subscriber to Al-Hewar Magazine back in 1989.  We will remain forever grateful to Mr. El-Hibri for his ceaseless encouragement for our efforts over the years.

God bless his soul.


Fuad El-Hibri Remembers Ibrahim El-Hibri

Jun 14
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Fuad El-Hibri Remembers Ibrahim El-Hibri

Inna Lillahi Wa Inna Ilayhi Raji’un
Verily we belong to God, and to God we return

In Memoriam: Mr. Ibrahim El-Hibri

Karamah is deeply saddened to announce the passing of our dear friend and extraordinary leader, Mr. Ibrahim El-Hibri, who passed away on Thursday, August 23, 2007, in Paris, France.  Mr. El-Hibri was born in Beirut, Lebanon, on September 8, 1936.

A devout Muslim, he was the beloved husband of Liane El-Hibri and father of Fuad and Samir El-Hibri and Yasmine Gibellini.  He leaves behind six grandchildren, whom he cherished and adored.  He is also survived by his father, Yahia El-Hibri, two sisters, Dr. Azizah Al-Hibri and Dr. Huda Zoghbi, and two brothers, Dr. Jamal El-Hibri and Dr. Tayeb El-Hibri.

Mr. El-Hibri will be remembered as a successful telecommunications engineer and entrepreneur who built nationwide telecommunication networks in several countries. In his later years, he focused on life sciences, supporting the development of life saving vaccines.  Among numerous other accomplishments, Mr. El- Hibri received official decorations for extraordinary deeds from the Governments of Germany, Lebanon and Venezuela.

As an unwavering philanthropist, Mr. El-Hibri was tireless in his support of women, children and orphans in Lebanon and other parts of the world.  He was also an enthusiastic and major supporter of Karamah since its early years.  His generosity, kindness, and commitment to these endeavors in the spirit of Islam will be sorely missed.  He has been described as a human being who exemplified humanity in its truest form; he depicted generosity, kindness, grace, and good will in every moment of his life.

Karamah will forever appreciate and remember Mr. El-Hibri for his unwavering support, devotion, inspiration, guidance, and instrumental role in developing the organization to the level it has achieved today.

A memorial service and funeral prayers (janazah) will be held for Mr. El-Hibri on Thursday, August 30, 2007 at 10:00 a.m. at The Islamic Center, 2551 Massachusetts Avenue, NW, Washington, DC.

In lieu of flowers, memorial contributions may be made to any of the following non-profit, tax-exempt organizations:

El-Hibri Charitable Foundation (for the Dar-Al-Aytam Orphanage in Lebanon)
1420 16th Street, NW
Washington, DC  20036

Karamah (Muslim Women for Human Rights)
T.C. Williams School of Law
University of Richmond
Richmond, VA  23173

Child Help
c/o Heather Corsini
11622 Highland Farm Road
Potomac, Maryland 20854

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Fuad El-Hibri Profits and Losses

June 21st, 2009 admin No comments

“When you have two parties you can maybe exercise control over one party, which is ourselves. Our relationship with HHS continues to be strong, and we’re excited about this opportunity,” said Fuad El-Hibri, chief executive officer, in a conference call with analysts. “These are half-billion-dollar types of contracts. They just take time to negotiate.”

Fuad El-Hibri and Emergent BioSolutions Inc. Profits and Losses

Delayed orders of its anthrax product drastically cut into Emergent BioSolutions Inc.’s fourth-quarter revenue and profits.

The Rockville biotech earned nearly $35.8 million in revenue in the fourth quarter last year, a 60 percent drop from the $89.6 million it pulled in during the same period of 2007. That also resulted in a nearly 95 percent plunge in fourth-quarter profits, from $27.7 million to nearly $1.5 million.

The company said it had expected to ship three additional lots of its BioThrax anthrax vaccine to the U.S. Department of Health and Human Services during the fourth quarter — representing $12 million worth of product sales — but that delivery was delayed.

“Such an event is further evidence that our revenues fluctuate quarter to quarter based on the timing of deliveries of BioThrax to HHS,” said Don Elsey, chief financial officer, in a statement.

Despite that drop, Emergent’s revenue for the full year in 2008 dipped only 2 percent, from $182.9 million to $178.5 million, and profit fell 10 percent, from $22.9 million to $20.7 million. Nearly all of the company’s product sales came from BioThrax, and Emergent said it saw a 16 percent drop in BioThrax doses delivered to HHS. That was offset, though, by an 18 percent rise in Emergent’s BioThrax dose price.

The company earns most of its money from HHS contracts. While Emergent still has two contracts outstanding, worth a total $853 million, to deliver more than 33 million doses to HHS, the larger of those two contracts, worth $448 million, will be completed in the third quarter of this year.

Emergent is awaiting an HHS decision on its bid last year to sell 25 million doses of a separate anthrax vaccine to the agency — a negotiation process that has been delayed by a protest from one of the other bidders on the HHS request for proposals, Emergent officials said.

Emergent thinks its revenue this year will grow by 25 to 35 percent and lie between $225 million and $240 million. It also expects profits to exceed $20 million this year.

Emergent had plans to expand its manufacturing space into Frederick, Md., but those plans have been put on hold as it concentrates its work at a current plant in Lansing, Mich. Emergent officials have been wary of giving any timelines for further manufacturing expansions but did say nothing would occur before the end of next year.

“We would be using existing manufacturing process, existing scale, existing equipment,” El-Hibri said. “We have plenty of space.”

By the end of last year, the company had $91.5 million in cash and equivalents.

Emergent’s share price (NYSE: EBS) dropped $1.08, or a little more than 6 percent, in trading after closing bell Thursday, when the company released its earnings.


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